Ethiopian Electric Power (EEP) expects to generate 109.54 billion birr in revenue during the 2025/26 fiscal year, driven by higher output from the Grand Ethiopian Renaissance Dam (GERD) and other renewable energy projects.

The state-owned utility plans to produce 38,120 gigawatt hours over the period, with GERD contributing more than 45 per cent of the total. Of this, about 31,600 gigawatt hours will be supplied to domestic and regional customers, including neighbouring countries connected to Ethiopia’s power export network.

To achieve these targets, EEP has approved a 251 billion birr budget for the fiscal year. The plan allocates 118 billion birr to projects already under construction, 29 billion birr to new initiatives, and 10.4 billion birr to reconstruction works. A further 17.4 billion birr is earmarked for spare parts procurement and civil maintenance.

Key priorities include commissioning GERD and the Assela Wind Farm, advancing the Aysha, Koysha and Aluto Geothermal Premium projects, and completing ten transmission lines and distribution stations. These include the Southern Grid expansion, the Geda Special Economic Zone connection, the Bahir Dar-Woldiya-Kombolcha corridor, and the Awash-Woldiya railway power link.

Construction is also set to begin on seven major projects, among them the Ethio-Djibouti second circuit, the Gondar-Dansha-Humera-Ba’eker agro-industry supply line, and the Mekelle-Dalol transmission link.

EEP remains Ethiopia’s most indebted state-owned enterprise, having been tasked with delivering large-scale energy infrastructure that prioritizes long-term public benefit over short-term profitability. In the past six years, it has added 3,784 megawatts to the national grid, representing nearly half of the country’s total generation capacity.