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Ethiopian Wind Farm Project Near Completion

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Category: Energy and Mining

The Adama wind power project being developed at a cost of 117 million US dollars in Ethiopia is nearing completion.

The project was launched in June of last year and is expected to be finalized by the coming June according to Miskir Negash, Head of Public Relations with the Ethiopian Electric Power Corporation.   

The wind farm will have a potential capacity of 51 MW with a total of 34 towers each generating 1.5 MW said Miskir.

Last Updated on 14 August 2013
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Ethiopian Wind Power Potential Studied

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Category: Energy and Mining

Ethiopia has wind power potential that could potentially generate more than one million MW of electricity according to a study.

The first draft of the master plan study carried out by Hydro China Corporation assessed the nation’s potential wind and solar energy said Xu Lushi representing the company.

Wind and solar energy has great potential to meet the growing energy demand and to reduce global warming he noted.

Last Updated on 14 August 2013
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Ethiopian Windfall Tax to Supplement Budget

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Category: Latest Business Alerts

The windfall tax Ethiopia collected from commercial banks after the devaluation of the birr last year is to be used to supplement the budget of the Ethiopian Roads Authority and the Ministry of Education.

The Ministry of Finance and Economic Development allocated 3 billion birr the ERA and 1 billion to the MoE. The bill allocating the supplementary budget was approved by the Council of Ministers and referred it the House of Peoples Representatives which referred it to the Budget and Financial Affairs Standing Committee.  

If the committee approves the supplemental budget ERA’s budget will increase to 20.5 billion which is 177% more than the 7.1 billion birr the authority was allocated in 2008-09.

Last Updated on 14 August 2013
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Ethiopian wins Africa Lease Deal of the Year 2018 Award

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Category: Latest Business Alerts

Ethiopian Airlines, the largest Aviation Group in Africa and SKYTRAX Certified Four Star Global Airline, is pleased to announce that it has won the Aviation 100 “Africa Lease Deal of the Year 2018” award by Airline Economics Magazine during the Airline Economics Growth Frontiers Dubai 2018 conference gala dinner.

Last Updated on 17 October 2018
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Ethiopian Wins Airline of the Year Award in China - 07 April, 2015

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Category: Latest Business Alerts

ethiopian airlinesEthiopian Airlines, the largest airline in Africa, is pleased to announce that it has won the Airline of the Year Award for the second time in a row at MICE Magazine’s 8th Annual Industry Golden Chair Awards held in Beijing, China on April 1, 2015. The annual Golden Chair Award is one of the most influential awards in China and ranks airlines, hotels, travel agencies and tourism destinations with the best performance.

Last Updated on 14 April 2015
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