Domestic Investors to Embark on Coal Plant Projects

Jun 19 , 2021


Two coal processing plants are set to begin construction in Gurage Zone and Assosa, as announced by Takele Uma, minister of Mines & Petroleum, during foundation-laying ceremonies held three days apart this past week. In the Gurage Zone, the first is a coal washing and processing plant being erected by SUN Mining and Trading Plc, a subsidiary of the Sunshine Investment Group, projected to be finalised in 10 months with a capacity to process 800,000tn of coal annually. The other one in Assosa, being developed by NOC Ethiopia is projected to be finalised in 11 months. The Minister stated that several other companies are expected to join the coal production business in different parts of the country to boost overall production capacity to 2.5 million tonnes annually. Ethiopia spends over 200 million dollars a year on importing coal for cement production and energy generation.


Radar

Premier Pushes Domestic Drug Production

A six-day domestic pharmaceutical production and innovation expo was inaugurated by Prime Minister Abiy Ahmed (PhD) last week. More than 110 local pharmaceutical manufacturers participated at the Millennium Hall on Airport Road. Recently appointed Minister of Health Meqdes Daba (MD), said local production of pharmaceuticals has become a cornerstone of health policy, which received approval from the Council of Ministers a month ago. However, a report from the Global Fund For Health last year r...


Radar

AFDB Lauds $8m for Solar Mini-Grid

Around half a million people foresee benefits from the pilot mini-grid built across nine sites in Amhara, Oromia, Sidama, and the Southern regional states. African Development Bank Group has approved eight million dollars in finance to support the project under the Distributed Renewable Energy & Agriculture Modalities (DREAM) program. The DREAM project, with a total budget of 20 million dollars through concessional loans, grants, and risk mitigation, will cover half of the mini-grid capital...


Radar

Parliament Approves $275m Loan for Urban Project

A  275 million dollar loan agreement was approved by Parliament last week, to support the second phase of the Urban Water Supply & Sanitation Project. Set to be implemented over the next three years, the project follows negotiations between Ethiopia and the International Development Association (IDA). The Chief Whip Tesfaye Beljige (PhD), presented details of the loan agreement to lawmakers and said that the project focuses on enhancing the supply of clean drinking water and improving sa...


Back
WhatsApp
Telegram
Email