Ethiopia Electric Power (EEP) reported that it earned 75.4 billion birr in revenue during the 2024/25 fiscal year, driven by increased domestic consumption and a sharp rise in electricity supplied to data mining operations.

At a press conference in Addis Ababa today, CEO Asheber Balcha said electricity sales alone accounted for 74.05 billion birr, while 1.41 billion birr came from other services, including energy transit. Foreign currency earnings rose to $330 million, up from $140 million the previous year. Of that, $220 million came from electricity consumed by data mining companies, and $118 million from power exports to Kenya and Djibouti.

Electricity generation reached 29,480 gigawatt-hours, surpassing the 25,423 gigawatt-hour target and rising 43 percent from the previous year. The Great Ethiopian Renaissance Dam generated the largest share at 9,798 gigawatt-hours, followed by Gilgel Gibe III at 7,148 gigawatt-hours.

Hydropower accounted for 97.3 percent of total output, with wind supplying the remaining 2.7 percent. The country’s peak power demand reached 4,916 megawatts during the year.

Power sales were concentrated among key clients. Ethiopia Electric Utility purchased 60 percent of the total, data mining firms took 27 percent, industrial users absorbed 6 percent, and the rest was exported.

EEP also reported progress on several large-scale projects. Construction of the Great Ethiopian Renaissance Dam is now complete, and the facility is ready for commissioning. The Koysha hydropower project has reached 71.4 percent completion and Aysha 2 wind project stands at 85.7 percent. The Asela wind farm is now connected to the national grid and supplying electricity.

Transmission and distribution infrastructure expanded steadily. EEP tested 37,398 kilometers of power lines and completed construction on 28,571 kilometers. It also installed over 8,700 substation bays during the year.

The utility expects foreign currency earnings to reach 427 million dollars in 2026 as power generation and regional exports continue to grow.