Thursday, January 1, 2015

Ambassador of Kazakhstan presents letter of credentials to Ethiopian President


Kazakhstan’s Ambassador in the Federal Democratic Republic of Ethiopia Yerlik Ali has presented credentials to the President of Ethiopia Mulatu Teshome,
Yerlik Ali talked with Mulatu Teshome about the development of Kazakhstan, country’s foreign policy initiatives, and goals set by President of Kazakhstan Nursultan Nazarbayev for the developing bilateral cooperation. The Ambassador stressed the importance of cooperation as a part of the African Union.
In turn, President Teshome sent his regards to President Nazarbayev and expressed readiness to develop bilateral relations between Ethiopia and Kazakhstan.
Teshome wished the new Ambassador Extraordinary and Plenipotentiary success in his diplomatic work.
source: tengrinews.kz

Gilgel Gibe III Hydro Power Project 89 Percent Complete

Miskir Negash, External Communications Director at Ethiopian Electric Power (EEP), noted on Wednesday that Ethiopia has completed 89 percent of Gibe III hydropower project, adding that "The Project, which lies in southwestern Ethiopia, on Omo River, has 10 turbine units each generating 187 MW." Miskir Negash further disclosed that Ethiopia's first ever Waste-To-Energy facility, the 50 MW Repi project in Addis Ababa, is also 58 percent complete. The 153 MW Adama II wind power projects are well underway. Currently, 82% percent of the project is complete while the 51 MW Adama I wind power project which was completed two years ago and is currently made fully operational.
source :allafrica.com/
 

Ethiopia dam project could start power generation by June


A much-delayed $1.8 billion dam project under construction along Ethiopia's Omo river could begin generating power by June and be fully operational by early 2016, an official said on Thursday.
Gilgel Gibe 3 will nearly double the country's energy output, helping to resolve chronic power outages and sustain a booming economy. Work started in 2008 and was due to be completed around three years later, but the project has faced funding shortages over concerns about its environmental impact.
"88 percent of the work for the Gibe 3 hydropower project has already been completed," Azeb Asnake, chief executive officer of the Ethiopian Electric Power Corporation, told Reuters.
Two of ten units would be ready by June, Azeb said, while one additional unit would come on line each month after that.
Upon completion the project will generate 1,870 MW of power.
Ethiopia plans to spend a total of $12 billion to tap the rivers that cascade down its craggy highlands over the next two decades in a bid to beat energy shortages and become Africa's biggest power exporter.
The country's economy is expanding by 9 percent a year, and the dam is part of an infrastructure plan aimed at sustaining that growth. A bigger project, the 6,000 MW Grand Renaissance Dam, is being developed along the Nile.
Power outages are common in this country of over 90 million, where a majority still rely on subsistence agriculture. Addis Ababa's nascent manufacturing sector is also attracting firms from China, Turkey and India to produce clothes, shoes and other basic goods, but frequent blackouts hamper economic activity.
Ethiopia already exports power to neighbouring Kenya, Sudan and Djibouti, and it has signed agreements with Tanzania, Rwanda and South Sudan, as well as Yemen.
Critics of Gilgel Gibe 3 say it will reduce water flow and devastate the fisheries of Lake Turkana, which is fed by the Omo. Ethiopian officials admit criticism led the European Investment Bank and the African Development Bank to turn down a request to disburse funds.
The Industrial and Commercial Bank of China stepped in four years ago with a loan of $500 million to pay for turbines.
Azeb dismissed the concerns, saying Ethiopia's research suggests regulating river flow will stabilise fluctuating water levels. "If they read these studies, they would not continue with their arguments," she said
source : Reuters

Wednesday, December 31, 2014

Dr. Tedros Meets President of Annual Investment Meeting

Foreign Minister Dr. Tedros Adhanom met on Wednesday (December 24) with President of Annual Investment Meeting (AIM), Dawood Al Shezawi and United Arab Emirates (UAE) Ambassador to Ethiopia, Yousif Eisa Alsabri. Discussions covered issues related to the need for Ethiopia's and Africa's participation in the 5th edition of the AIM in Dubai, (UAE), which will be held from March 30 to April 01, 2015. Both sides also discussed on the AIM's plans to hold the 6th edition of the conference in Addis Ababa in 2016.
During the talks, Dawood Al Shezawi extended an invitation to Dr. Tedros to attend the 5th edition of the AIM in Dubai, UAE next year, and conveyed greetings of UAE's Minister of Economy, Sultan Saeed al-Mansouri, to Dr Tedros.
He also said that Ethiopia's participation at AIM would open up new prospects for the Government and private sector to showcase investment opportunities, network and exchange experiences with international investors and business persons in the fields of innovation and technology transfer as well as attract FDI inflows. He also noted that AIM was intending to hold the 2016 edition of AIM in Addis Ababa with a view to take Afro-Arab cooperation to a new high. Dr. Tedros on his part said AIM could be regarded as a golden opportunity to steer Ethio-UAE cooperation towards a new progress.
He also said that Ethiopia and UAE were witnessing steady development in their bilateral relations, adding that the inauguration of an Ethiopian Embassy in UAE would further maintain the momentum of the continued growth of the bilateral ties. He also stressed the need for both countries to work together on innovation to embrace a better future. Dr. Tedros also thanked for the invitation extended to his country and AIM's decision to hold the 2016 edition of AIM in Addis Ababa to open broader spaces for Afro-Arab ties, adding that the African Union's participation in the 2016 edition of AIM would set the course for a promising future development.
Ambassador Yousif Eisa Alsabri on his part noted the brotherhood that exists between the two countries and emphasized that AIM would reinvigorate Ethio-UAE brotherhood with innovation and technology transfer. Being as a global forum for investment and strategic networking, AIM's objective rests on ways to help governments, private sectors and international business persons and investors exchange best practices in the areas of innovation and technology transfer as well as promote business and investment relations.
The 5th edition of AIM will be held next year at the Dubai International Convention and Exhibition Centre with the theme of "Sustainable Development through FDI Induced Innovation and Technology Transfer".