The Metal Engineering Corporation the Privatization and Public Enterprises Agency of Ethiopia signed an agreement to construct five fertilizer factories at a total cost of 55 billion birr. The agreement was signed by Beyene Gebre-Meskel, Director General of PPESA and Col. Mulu Wolde-Gabriel Project management Deputy Director with Metal Engineering.
The agreement will allow for the construction of five urea and three Dap fertilizer plants and one coal factory said Col. Mulu. The construction will be completed within three years with the Urea factories being launched first and the others to be established according to a schedule said Beyene.
Each of the Urea fertilizer factories will produce 300,000 tons every year according to Mulu. The Dap factories to be built according to the agreement are expected to supply 250,000 tons. A plant to supply 1.1 millions tons of phosphate element as input is also part of the project.The factories will contribute to the development of the productivity of the agricultural sector by substituting imported fertilizers to meet the increasing national demand.
Source: Ethiopian Press Agency
