2merkato

Ethiopian Government is considering to let private investment in the multimodal (land, sea or road) transportation services.

The Water, Irrigation and Electricity Minister announced that private investors could invest in electric power without any limitations. When announcing the news at the opening of Addis Power International Electric, Electronics & Lighting Exhibition last week, the minister of water, Irrigation and Electricity Seleshi Bekele (PhD), said “Ethiopia needs a sustainable and reliable energy source with an affordable price. …. The investment should also consider climate change and the green economy.”

The country is currently working on generating 9,000MW of power from the Grand Renaissance Dam and other sources. The government is also planning on adding 21 new projects with the capacity to produce 6000MW a year.

Source: Addis Fortune

The two day US-Africa Energy Ministerial Meeting concluded yesterday emphasizing on private sector involvement, new approach for rural electrification, energy efficiency and how to continue working with Obama Power Initiative.

Ministry of Public Enterprises (MoPE) made 10 times more than what it had targeted for the just ended fiscal year. The performance was the highest Ethiopia ever saw. The Ministry earned 12.6 billion Birr during the period.

The Privatization & Public Enterprises Supervising Agency’s (PPESA) tender to privatize state owned enterprises again failed to attract bidders, Fortune reported.

The Agency put Caustic Soda S.C. and Ethiopian Mineral Development S.C. on the auction block in October, however it failed to attract not even a single bidder.