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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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State-Owned Enterprises Deliver, But Fund Seeks More from Underperformers

Ethiopian Investment Holdings (EIH), the country's sovereign wealth fund, closed its annual performance review with a mix of strong gains and lingering concerns across its portfolio of state-owned enterprises. Ethiopian Shipping & Logistics led the year with 4.5 million tons of cargo, driving revenues up 90pc and doubling pre-tax profit. Sugar production from Wonji Shoa, Metehara, and Fincha climbed 34.8pc to 163,290 tons, nearly doubling revenues to 15.6 billion Br, though EIH flagged ch...

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MIDROC Cocoa Drive, Local Production Focus on Value Addition

MIDROC Investment Group is placing a bold wager on cocoa in the lowlands of Sheka. Building on extensive trials at the Bebeka Coffee State Farm, the company has introduced globally prized Forastero, Trinitario, and Criollo varieties alongside coffee. "The results are astonishing," said General Manager Beshada Worku, pointing to international prices that range from 8,200 to 14,000 dollars a ton. The project's first phase covers 50 hectares, with 44,000 seedlings already planted. Expansion to ...

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Bureau Maps Out 1,700 Land Rights in a Month

The Rights Registration & Holding Service Directorate under the Bureau of Land Development & Administration prepared over 1,700 landholding certification maps in a single month. The update came during the bureau's July performance review, which measured progress against the upcoming fiscal year's targets. Director Tesfamichael Endale said efforts are being scaled up to give farmers secure land rights and quicker certification. Deputy Head WendwossenBanjaw added that the priority ahead...

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