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Chinese Firm Seals Deal to Pre-Commission GERD

February 23 , 2019

Chinese Firm Seals Deal to Pre-Commission GERD

Ethiopian Electric Power (EEP) awarded a Chinese company, China Gezhouba Group, the contract to execute pre-commissioning activities of the Grand Ethiopian Renaissance Dam (GERD) at the cost of 40.1 million dollars. The agreement was signed last Monday, February 18, 2019, by Abraham Belay (PhD), CEO of Ethiopian Electric Power, and a representative of China Gezhouba Group Co., Ltd (CGGC) Ethiopia. The project was formerly awarded to the Metal & Engineering Corporation (MetEC) but cancelled due to poor performance. EEP has awarded a balance of plant contract to Voith Hydro Shanghai, which includes the electrical, mechanical and various civil and structural works required to complete the construction of the generating station and spillways. Abraham and Tang Xu, executive vice president of Voith Hydro Shanghai, a German-based Chinese company, signed the 113-million-dollar contract. Over the past two months, the EEP has been awarding different companies to supply and install turbines at the dam, construct the steel structure of the dam and supply power generating units.

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Leather Industry Struggles to Meet Expectations

The struggling leather industry managed a little over 33 million dollars in export earnings over the first 10 months of the financial year. It is less than half of officials' aspirations to generate 69 million dollars over the same period, and highlights the troubles faced by the industry over the past few years. Exports from finished leather goods plunged 72pc last year from three years ago. Only eight finished leather manufacturers accounted for 89pc of last year's export earnings, sh...

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Corporation Calls on Suppliers for 200,000tn Sugar Procurement

Executives of the Ethiopian Sugar Corporation have taken steps to procure 200,000tn of sugar from international suppliers. The Corporation had invited shortlisted companies to submit offers, after an attempt to procure the sugar through an international tender went awry. However, officials at the Ministry of Finance instructed its executives to scrap the invitation and proceed to float a second bid. The shortlisted suppliers have also been invited to take part in the bidding process. T...

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Youth in the National Theatre area are waiting for the bus to start moving. They have found a handle to grab and accelerate them ones its starts moving as they ride their skateboard. Although skateboarding is nearly unheard of in Ethiopia, over the past few years, young people have developed a taste for it. Safety, though, leaves a lot to be desired...

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