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Aluto-Langano Geothermal Project Receives Drilling Equipment

May 8 , 2021

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The second set of 1,500hp geothermal drilling rigs independently developed and manufactured by Shandong Kerui Petroleum & Gas Equipment Co. was recently delivered to the Aluto-Langano geothermal power station expansion project in central Ethiopia. As the first 50D mating drilling rig and first geothermal energy development project of Ethiopian Electric Power (EEP), it is the country's largest investment in the geothermal energy sector. The power plant is expected to generate 70MW upon completion. Kerui Petroleum & Gas is an international comprehensive industrial group providing high-end oil equipment, oil and gas field technical services, and engineering services to the global oil and gas industry.

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Parliament Enacts Solid Waste Management, Disposal Proclamation

Parliament has unanimously passed the solid waste management and disposal proclamation, marking a decisive move toward environmental sustainability. It mainly introduces stringent penalties for the use and distribution of single-use plastic bags, focusing on reducing pollution and promoting responsible waste practices. Under the new proclamation, individuals carrying plastic bags face fines ranging from 2,000 to 5,000 Br, while commercial producers, importers, and retailers may be fined betwe...

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NBE Sustains Dollar Supply as Exchange Rate Rises

The US dollar rose to an average of 134.95 Br in the seventh round of the National Bank of Ethiopia's (NBE) foreign exchange auction held on June 5, 2025. This marks a steady increase from 133.17 Br in the previous round and 132.90 Br in the fifth. In the latest bi-weekly auction, the central bank offered 50 million dollars to 12 commercial banks. By comparison, 60 million dollars was supplied to 16 banks at 132.96 Br in early May. In April, two auctions distributed 70 million dollars to 26 b...

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Holland Dairy Unveils Cold Facility, Reinforces Eco Goals Through New Treatment Plant

Holland Dairy has officially inaugurated a cold storage facility and commissioned a wastewater treatment plant, marking a significant step forward in its commitment to growth and sustainability. The event was attended by the Mayor of Bishoftu and the Ambassador of the Kingdom of the Netherlands to Ethiopia, showcasing both national and international support for the initiative. The new cold storage facility, with a capacity of over 400,000 liters of yogurt, is designed to enhance supply chain...

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