EEP to Build €60m Power Centres


EEP to Build €60m Power Centres

The Ethiopian Electric Power (EEP) has signed an agreement with two companies based in France and China to build national power control centres at a total cost of 60 million euros. The agreement comprises two power control centres to be built in three years and also includes the preparation of procedural works for the supervision and inspection of power generating and distribution centres. The project has a total budget of 57.7 million euros and 102 million Br. The French Development Agency has pledged to cover two-thirds of the budget, while the EEP funds the balance. The two companies are the Chinese state-owned SINOHYDRO and the French General Electric. Hifab, a Finland-based company, has also been awarded the contract for consultancy work. The representatives of the companies signed the deal with Ashebir Balcha, chief executive officer of the EEP, last week.


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UNDP Nods $2m for National Dialogue

United Nation Development Program (UNDP) has signed an agreement with the Ministry of Finance and National Dialogue Commission, allocating 2.2 million dollars for the upcoming national discussion. Managed by an independent trust fund, and in addition to the annual budget allocated by the Ethiopian government, UNDP is looking to set up a financial buffer scheduling to raise 32.8 million dollars in support funds from development partners over the next three years. The Dialogue Commission was est...


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Street Snack

The rainy season is going to be missed for at least one reason: boiled corn on the cob. As the customer captured here, it has been an enjoyable street food for the city's residents to keep them warm. More importantly, it was a livelihood for many street vendors. ...


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Stair Shop

A shop and a shoeshine stall have been set up under the stairs of an overhead bridge. In the most crowded parts of Addis Abeba, there is always some type of vendor selling everyday goods, serving the lower-income population...