China Electric Power Equipment and Technology Company that had undertaken the power supply project to the Addis Ababa Light Rail Transit (AA-LRT) in Addis Ababa, Ethiopia had guaranteed dependable power supply to the light rail project, Xinhua reported.
A Chinese company disclosed it is ready to establish a huge textile factory in Ethiopia at an outlay of U.S $ 500 Million. The company disclosed it has finished pre-investment assessments to build the factory.
China Mining United Investment Group is set to build a multi-purpose industrial village in Addis Ababa, Ethiopia.
Ethiopian Airlines, Ethiopia’s flag carrier, accepted the bid submitted by the Aviation Industry Corporation of China to construct a 100 million dollar maintenance hanger. 
The AVIC and Ethiopian Airlines are discussing financing for the project said Tewolde Gebremariam, Chief Executive of Ethiopian Airlines.
It is expected that the construction project for the maintenance hanger will commence in the first quarter of 2012 to be completed within 900 days from when construction begins according to Tewolde.
The State Grid Corporation of China (SGCC) is going to be the second to invest in Ethiopia in energy development for the generation of electric power, Capital Reported.
The US –Icelandic Reykjavik Geothermal Ltd, the other energy company, entered an agreement with the government to develop 1000 MW of electric power from geothermal resource in the southern parts of Ethiopia at a cost of USD 4 billion.
