Electric Grid Renovation Underway in Tigray


Electric Grid Renovation Underway in Tigray

The electric distribution grid in war-devasted Tigray Regional State is receiving a 1.7 billion Br renovation by the Ethiopian Electric Utility. Slated for completion after six months, the project aims to rebuild distribution lines in six zones and 33 Woredas on a grid stretching above 1,000 KM. Around 38 sites and 27 distribution centres which had sustained significant damage because of the two-year conflict between Federal and Regional forces, will also be renovated. Frequent power disruptions and sustained blackouts in several parts of the regional state have become common occurrences as significant damage to electric distribution infrastructure occurred during the conflict. Access to electricity in Ethiopia remains a challenge to around half of the population. The country is endowed with significant renewable energy resources capable of generating above 60,000 megawatts of power. The percentage of the population with access to electricity falls to 27pc in rural regions fueled by the high cost of constructing distribution lines even with sufficient power generation.


Radar

EIH Sets Stage for Integrated Farming Development

Ethiopian Investment Holdings (EIH) and its subsidiary Ethiopian Agricultural Business Corporation (EABC), and Asset Green have finalized a Shareholders Agreement (SHA) to jointly develop an integrated dairy and commercial farming project. The deal, valued at approximately USD 600 million, will be executed in two phases with the first developing a dairy farming and processing operation on 15,000hct alongside integrated feed farming to secure a sustainable supply chain. The second phase will expa...


Radar

Electric Utility Gets New CEO

A leadership change at Ethiopian Electric Utility (EEU) has been implemented by Ethiopian Investment Holdings (EIH) with Shiferaw Telila replaced by Getu Geremew as the new CEO. Shiferaw held the role since 2018. At EEU headquarters, Brook Taye (PhD) stressed the need for quality, corruption-free service and zero blackouts. Acknowledging past service shortcomings, Getu offered an apology to customers and stakeholders. He pledged the company's dedication to improving electricity reliability an...


Radar

CAPITAL BRIDGES

Tilahun Kassahun (PhD), CEO of the Ethiopian Securities Exchange shares a joyful moment with government executives. He is joined by Angela Rayner, UK Deputy Prime Minister, Hana Tehelku, director general of the Ethiopian Capital Market Authority, and Ahmed Shide, Minister of Finance, at the ESX headquarters in Nile Building. They celebrated the UK government's support in establishing the Exchange, which included a 760,000-dollar (600,000-UK pound) contribution via FSD Africa for a technical advi...