FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Ashgoda Wind Farm Blows Back to Life After Civil War Hiatus

Mar 11 , 2024


[ssba-buttons]

Ashgoda Wind Power Station in Tigray Regional State has rekindled its turbines after a three-year lull, marking an addition to the country's renewable energy mix. Kahse Tsehay, the station head, attributed the power plant's dormancy to the conflict that plagued the region for the past three years. This unfortunate situation not only halted electricity generation but also resulted in damage to critical equipment. According to Kahse, the wind farm's generating units lay idle for an extended period, causing wear and tear on turbine unit batteries, the main control unit equipment, distribution station battery chargers, and the oil and grease fluids. Despite these challenges, he said commendable efforts at the site have yielded positive results where ongoing maintenance work has already enabled the station to generate an average of 24.4MW of electricity. Ashgoda boasts 54 three-bladed and 30 two-bladed wind turbines. Maintainance of 22 three-bladed turbines has been completed, with inspections and servicing currently underway for an additional five. However, the path to full capacity is not without its hurdles. Kahse pinpointed delayed procurement of spare parts, manpower shortage and water supply issues as obstacles hindering the progress of operation and maintenance activities.


Radar

Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well as private individuals and construction company representatives. The case alleges losses and illicit...


Radar

EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

Ethiopian Investment Holdings (EIH) is relocating its headquarters from its current site on General Wingate Street. The former headquarters was located behind the Ministry of Industry and near Abrehot Library. The new office is expected to be on Mozambique Street, along the route from Mexico Square to Bulgaria Road. The building belongs to one of EIH's subsidiaries, and all departments are set to move there as interior design and finishing works continue. Under the leadership of Brook Taye...


Radar

Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

A push for import substitution and industrial expansion has prioritised 96 strategic products for local manufacturing. The “Ethiopia Tamirt” initiative reports 4.85 billion dollars in savings, supported by trade fairs linking local producers to domestic and international markets. On average, 700 new projects enter the market annually, contributing to more than 2,800 investments over four years. At the grassroots level, 18,000 SMEs have been established, while 993 dormant factories have...