2merkato

Ethiopia is set to increase power it exports to its neighboring countries; Sudan, Kenya and Djibouti. The plan will be executed in 2 years as installation of transmission lines is in progress.

Sport Bottled Water Factory was inaugurated on Saturday last week in the presence of Minister of Industry Melaku Alebel. The factory was constructed by Belaya Industrial PLC at a cost of Birr 1.2 billion and is set to export bottled water for the first in the country’s bottled water production history.

Ethiopia’s only crocodile farm announced it will start exporting crocodile meat in the coming year to Asian countries.

Ethiopia is to begin the export of Damask Oil, an essential oil extracted from Rosa Damascena (a type of rose) beginning in August of 2012. The oil will be exported by Terra plc to Germany, to a company called Walla Gmbh.

Damask Oil used for its medicinal and cosmetic benefits can fetch as much as 7500 US dollars a liter.

Terra, owned and managed by German investor Dr. Awad Ghanem has began a trial production of the rose with 532 seedlings supplied by GTZ. The company currently has 35 thousand seedlings said Wogderes Negash, Manager of the farm found in Debre Berhan.

Ethiopia entered a power purchase agreement to export electricity to Kenya for 25 years. The agreement which is signed between Ethiopia and Kenya will be implemented in three phases.

During the first phase of the agreement, Ethiopia will export 65MW of electricity during off-peak hours and 200MW of electricity during peak hours. The second phase of the agreement will see the sale of 150MW of electricity during off-peak hours and 400MW during peak hours while in the third phase of the agreement, 400MW of electricity will be exported to Kenya at all hours.