GERD accounted for 52% of Ethiopia’s electricity export earnings
Ethiopian Electric Power said the dam generated 52% of power export revenue in the completed fiscal year, with national electricity export earnings above $500 million.
Ethiopian Electric Power chief executive Ashebir Balcha told the Ethiopian News Agency on 14 September that the Grand Ethiopian Renaissance Dam accounted for 52% of the country’s electricity export revenue. The utility said total power export earnings exceeded $500 million.
Balcha said Ethiopia supplied electricity to Kenya, Djibouti, Sudan and, more recently, Tanzania. He also put domestic electricity revenue above 124 billion birr and said the dam had improved the utility’s financial position in the completed fiscal year. These are figures attributed to the company chief; the report does not provide a comparative time series.
Egyptian and Cypriot energy ministers used an MOC 2026 panel to argue for infrastructure integration to increase the economic benefit of regional gas resources and strengthen supply security. The ministry announcement disclosed no new agreement, supply volume or investment commitment.
Source: Egyptian Ministry of Petroleum and Mineral Resources — MOC 2026 energy-market panel
The petroleum ministry’s closing statement records conference recommendations on exploration, investment, regional gas infrastructure and AI; they are proposals from the event, not binding policy or completed projects.
Source: Egyptian Ministry of Petroleum and Mineral Resources — MOC 2026 closing statement
The petroleum ministry said drilling at Narges-2 confirmed an extension of previously identified gas-bearing layers and a further layer, while stressing that resource evaluation and development studies remain under way.
Source: Egyptian Ministry of Petroleum and Mineral Resources — Narges-2 well results
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