Ethiopian Electric Power (EEP) discovered 20 megawatts of geothermal power in four of the five deep wells under the Aluto Langano Geothermal Expansion Project. The depth of the wells ranges from 2,700 meters to 3,000 meters.
The expansion project to the Aluto Langano Geothermal Plant commenced in May last year with a view to increasing the power production capacity of the plant to 70 MW.
Amhara Regional State announced that two cement factories were under construction in its region. According to the Mines Resource Development Bureau of the Regional State, seven cement companies were issued with a license to start cement production in Amhara including National Cement and Berenta Cement which launched construction in Ensaro, Northern Shewa and Berenta, Eastern Gojam, respectively. It is expected that National Cement will finish construction and start production within one year.
Several companies have invested in Amhara to extract and sell mineral resources including gold. The Regional State was able to provide 46 kilograms of gold to the market in the past three months. In addition, two companies are currently engaged in quarrying granite in the region.
Source: Addis Zemen
Habesha Breweries S.C sold 90 percent of its additional shares auctioned in November to two Dutch companies, Fortune reported.
Bavaria bought 20,000 shares worth 20 million birrr, and Peter Linssen acquired 45,000 shares for 65 million birr, now have a combined 60 percent ownership of Habesha Breweries.
Awash Basin Authority aims at constructing 2 more dams as part of the Second Growth and Transformation Plan (GTP II). The dams are said to enable preventing water shortage in the state, which has 18 million inhabitants.
Shoa Trading and Shopping Company is set to open two more hypermarkets in Ethiopia’s capital, Addis Ababa. The hypermarkets are said to be located around Sar Bet and CMC areas.
