Ginchi Power Station Inaugurated

Mar 20 , 2021


[ssba-buttons]

Last week saw the inauguration of Ginchi Power Distribution Station in West Shoa Zone, Oromia Regional State. Built at the cost of 8.4 million dollars, the station has the capacity to carry 100MW of power. Larson and Turbo, an Indian firm, has carried out the construction work, while MVV Energie, a German-Swiss consultancy, supervised the project. The power distribution station is expected to provide a steadfast supply to Ginchi and its surrounding area. Aggregate generation capacity in the country has grown from 814MW in 2005 to around 4,300MW currently. However, the increase in the power generation capacity has not been followed by a similar level of investment in the transmission grid and transformer substations. The poor service quality leads to a double cost for the economy, the need for industries and services to acquire diesel generators, and general dissatisfaction. The federal government has ambitious plans to boost its electric production to 30,000MW by the end of 2030.


Radar

New Directive Hikes Service Fees for Foreign Investors in Free Trade Zones

The Ethiopian Investment Board has issued a new directive revising the service fees from foreign investors payable in dollars to the Ethiopian Investment Commission (EIC), introducing updated rates for both the One Stop Shop and designated Free Trade Zones. The revised directive came into effect this April following its publication on the websites of the Ministry of Justice and the EIC. Issued pursuant to Article 23 of the Special Economic Zone Proclamation, the directive outlines charges for...


Radar

City Tables 350B Br Budget Plan for Upcoming Fiscal Year

The City Administration has approved a resolution to submit a proposed budget of 350 billion Br for the 2025/26 fiscal year to the City Council for deliberation. According to the Administration's statement on its official social media page, the draft budget is designed with a central focus on poverty reduction, encompassing targeted subsidies for sustainable development, investment in large-scale job-creating projects, and enhanced service delivery to address the growing demands of the reside...


Radar

Ethiopia, UN Launch Joint Plan to Drive Development Through 2030

The Ethiopian government and the United Nations (UN) have signed a five-year development plan outlining national priorities from 2025 to 2030. Signed on June 20 at the Ministry of Finance, the United Nations Sustainable Development Cooperation Framework (UNSDCF) with implications that it aligns with Ethiopia's reform goals and the Sustainable Development Agenda. The plan is backed by a projected 6.5 billion dollars, though only 1.5 billion dollars is currently secured. It focuses on closing t...