October 18, 2017 12:00 PM ET

Electric Utilities

Company Overview of Ethiopian Electric Power Corporation

Company Overview

Ethiopian Electric Power Corporation engages in the production, transmission, distribution, and sale of electrical energy. Its projects include hydro, transmission construction, wind, geothermal, IT projects, and waste to energy projects. Ethiopian Electric Power Corp. was formerly known as Ethiopian Electric Light and Power Authority. The company was founded in 1948 and is based in Addis Ababa, Ethiopia.


Besides Ethiopia Cinema

Addis Ababa,  


Founded in 1948





Key Executives for Ethiopian Electric Power Corporation

Chief Executive Officer, General Manager, Secretary and Director
Acting Deputy General Manager of Finance
Deputy General Manager of Operation
Acting Deputy General Manager of Human Resources and Services
Deputy General Manager of Engineering
Compensation as of Fiscal Year 2017.

Ethiopian Electric Power Corporation Key Developments

Ethiopian Electric Power Corporation Presents at Africa Energy Forum 2017, Jun-07-2017

Ethiopian Electric Power Corporation Presents at Africa Energy Forum 2017, Jun-07-2017 . Venue: Copenhagen, Denmark. Speakers: Eng Azeb Asnake, Chief Executive Officer.

Ethiopian Electric Power Corporation Presents at 18th Annual Africa Energy Forum, Jun-23-2016 11:15 AM

Ethiopian Electric Power Corporation Presents at 18th Annual Africa Energy Forum, Jun-23-2016 11:15 AM. Venue: Intercontinental O2, London, United Kingdom. Speakers: Azeb Asnake, Chief Executive Officer.

Ethiopian Electric Power Agrees to Settle Charges for Unregistered Bonds in U.S with Securities and Exchange Commission

The Securities and Exchange Commission announced that Ethiopian Electric Power has agreed to pay nearly $6.5 million to settle charges that it violated U.S. securities laws by failing to register bonds it offered and sold to U.S residents of Ethiopian descent. Ethiopian Electric Power (EEP) conducted the unregistered bond offering to help finance the construction of a hydroelectric dam on the Abay River in Ethiopia. EEP held a series of public road shows in major cities across the U.S. and marketed the bonds on the website of the U.S. Embassy of Ethiopia as well as through radio and television advertising aimed at Ethiopians living in the U.S. EEP raised approximately $5.8 million from more than 3,100 U.S. residents from 2011 to 2014 without ever registering the bond offering with the SEC. Foreign governments are welcome to raise money in the U.S. capital markets so long as they comply with the federal securities laws, including registration provisions designed to ensure that investors receive important information about prospective investments, said Stephen L. Cohen, Associate Director of the SECs Division of Enforcement. This settlement ensures that investors get all of their money back plus interest. The SECs order finds that EEP violated Sections 5(a) and 5(c) of the Securities Act of 1933. EEP admitted the registration violations and agreed to pay $5,847,804 in disgorgement and $601,050.87 in prejudgment interest. The distribution of money back to investors is subject to the SECs review and approval. Investors seeking more information should contact the administrator of the distribution, Gilardi & Co. LLC.

Similar Private Companies By Industry

Company Name Region
Ethiopian Electric Power Corporation Middle East/Africa

Recent Private Companies Transactions

No transactions available in the past 12 months.

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