Ethiopia signs MoU to supply South Sudan with electricity
Ethiopia has signed a Memorandum of Understanding with South Sudan to export hydro and other cheaper energy to Juba. According to the Ethiopian Electric Power, the power utility, Ethiopia has agreed to export an initial 100 Megawatts of electricity to South Sudan over the next three years. Akol Dok, Managing Partner at Orus joins CNBC Africa for more.
Mon, 23 May 2022 14:48:26 GMT
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AI Generated Summary
- The electricity deal between Ethiopia and South Sudan signifies a significant step towards addressing the energy crisis in South Sudan and fostering economic growth.
- The import of 100 megawatts of electricity from Ethiopia over the next three years will enable industrialization and improve the socio-economic landscape in border regions like Malakal.
- Renewed oil contracts between South Sudan and Sudan demonstrate improved relations and hold promise for mutual economic benefits and regional cooperation.
Ethiopia has signed a memorandum of understanding with South Sudan to export hydro and other cheaper energy to Juba, the capital city of South Sudan. The deal involves exporting 100 megawatts of electricity over the next three years, with plans to increase to 400 megawatts gradually. Akol Dok, the Managing Partner at Orus from Juba, discussed the significance of this deal in a recent interview with CNBC Africa. He emphasized that the people of South Sudan are thrilled about the development initiative as it creates opportunities for progress and addresses the energy crisis in the country. With around 60% of the South Sudanese population currently lacking access to electricity, the import of power from Ethiopia is a crucial step towards fostering industrialization and improving the lives of millions in the border regions. Akol highlighted the potential for economic growth in the Malakal region of South Sudan, given its rich resources in agriculture, oil, gas, and fisheries. The availability of electricity will enable the region to enhance industrial activities, build infrastructure, and attract investment, ultimately leading to socio-economic development. The interview also touched on the significance of renewing oil contracts between South Sudan and Sudan, emphasizing the importance of collaboration and economic cooperation between the two nations. Akol noted that improved relations between the countries have paved the way for mutual benefits and regional economic growth. The interview further addressed the political landscape in South Sudan, focusing on the peace agreement between President Salva Kiir and Vice President Riek Machar. Akol expressed optimism regarding the harmony between the leaders and highlighted the role of Sudan in mediating peace and stability in the region. The discussion concluded with a brief mention of General Charles Gituye's role in holding the leaders accountable for their commitments, emphasizing the collective effort and political will required for sustained peace and progress in South Sudan.