Ethiopian Enterprise Development (EED) announced that it had established 419 new manufacturing enterprises during the first quarter of the 2022/2023 fiscal year. The institution also implemented initiatives to boost the already existing 1,378 enterprises and targets the establishment of 4062 new enterprises by the end of the fiscal year.
Ethiopian Electric Power (EEP) has set an ambitious target to generate Birr 30 billion in revenue from electricity exports, domestic energy sales, and related services during the current fiscal year.
Ethiopian Electric Power (EEP) concluded a 1.2 billion Birr agreement with Larsen Arsen & Toubro Limited, an Indian company, for capacity improvement and expansion project at power distribution stations. The main aim of the expansion project is avoiding power interruptions.
85 percent of the cost is financed by a loan secured from French Development Agency while the rest 15 percent will be covered by the Ethiopian government.
Ethiopian Electric Power (EEP) concluded an agreement with Tata Group for the installation of transmission line in the Northern part of Ethiopia. The transmission line is going to stretches 403 kilometer and is estimated to cost 106.4 million USD. The project is scheduled to be concluded in a year and a half.
Ethiopian Electric Power (EEP) is constructing high power transmission lines and power distribution stations that will take the power generated from the Great Ethiopian Renaissance Dam (GRDE) to the national grid.
