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Power Supplier Looks to Consultants For Solar Project

Jun 30 , 2024


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Ethiopian Electric Power (EEP) is seeking consultants for a 10-month feasibility study on the Utility Scale Weranso Solar PV Project, including hydrology, geotechnical, seismic, and solar resource assessments. This project in Afar Regional State is part of the government's expanded scaling solar program, which aims to boost capacity from 4 to 6 projects totalling up to 750MW. It was first announced four years ago but failed to take off due to conflict and a shortage of financing until the African Development Bank allotted funds a few months ago. Ethiopia has abundant renewable energy resources and has the potential to generate over 60,000 megawatts (MW) of electric power, while current output reaches less than 60pc of the country’s population Despite its energy deficit, Ethiopia exports electricity to Djibouti, Sudan, and Kenya to generate foreign exchange. However, success in solar projects has been mixed with several projects under a Public-Private-Partnership format failing to see the light of day. A 795 million dollar project in three regional states six years ago through the Finance Minstry has failed to atrract international attention.


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...