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The Ethiopian Ministry of Water & Energy has ordered additional photovoltaic solar panels for Africa's largest solar power project. The 3,700 solar panels, worth US$1.5 million will be supplied by a Chinese company, Poly Technologies.

The ministry has previously purchased 25,000 solar panels from the same company. The panels are currently being installed across six regional states of Ethiopia. The purchase has been financed by the World Bank.The project is funded by the US$130 million loan the International Development Association provided to Ethiopia's energy sector. Add a comment Add a comment

Gambella Regional State of Ethiopia has supplied over 1160kg pure gold worth over US$50 million to the National Bank of Ethiopia (NBE) during the just ended Ethiopian fiscal year, the regional mines agency said.

The Agency told Ethiopian News Agency that the gold was supplied to the Bank by traditional miners. It said over 90 per cent of the stated amount of gold was supplied from Dimma Woreda. Add a comment Add a comment

ThermoHelix, a Canadian company that manufactures power generation systems from solid waste and sludge, announced plans to finance and erect a Waste-to-Energy plant in Ethiopia.

The company has already submitted its proposal to the Ethiopian Electric Power Corporation (EEPCo) and Addis Ababa City Administration to engage in the waste energy project back in December 2012. Add a comment Add a comment

The Ethiopian Ministry of Mines drafted a proclamation to decrease Ethiopia's mining income tax from 35 to 25 per cent.

According the draft, the reduction is aimed at boosting the mining industry in Ethiopia to meet its targets set in the five-year Growth and Transformation Plan (GTP). Add a comment Add a comment