Jan 19 , 2019
The Ministry of Finance is set to float a tender for the construction of six mega-solar projects in three regions with an estimated cost of 795 million dollars. The project to be implemented by Public-Private Partnership (PPP) has completed a feasibility study for six solar projects in Oromia, Somalia, Afar and Tigray regional states. To accomplish the task, a governing body of nine members from the public and private sector has been established, according to Teshome Tafesse (PhD), the state minister of Finance. The 20-year project will have the capacity to produce 798MW of power and will be built by a collaboration of the government and the private sector. For the partnership project, the ministry received experience from Singapore, the United States and Europe. The partnership, which was established six months ago has nine members including seven ministries and two from the public sectors. The Board will decide all profitable development projects that do not apply to PPP projects.
Loading your updates...