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Column
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SNAKING AND SLITHERING! |
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Shown in the photo is a
giant transformer passing
through the difficult
terrain at the Abay Gorge,
three weeks ago. It is one
of the four transformers to
be installed at the Tana
Beles hydro electric power
project that is under
construction by Salini of
Italy.
Tana Beles is one of the
five projects being
undertaken by the state
power monopoly, the
Ethiopian Electric Power
Corporation (EEPCo). Erected
near Lake Tana, on the
tributary of the Blue Nile,
the construction of Tana
Beles was contracted out to
Salini in 2007 at a cost of
582 million dollars. When
completed, the dam will
generate 435Mw of electric
power, which is part of the
3,125Mw EEPCo envisions
generating by 2011. The
largest ever dam will be
Gilgel-Gibe III, which will
have the capacity to
generate 1,870Mw and is
projected to cost close to
two billion dollars. When
completed in 2011, it will
be one of the biggest in
Sub-Saharan Africa.
These are hydro electric
dams that require mega
transformers, such as this
one, which weighs 137tn. It
was put on a 22-metre truck
with a 14 axel trailer, and
carried across the
newly-built suspension
bridge on River Nile,
baptised by the Prime
Minister as "Renaissance
Bridge." This maiden bulk
load proved quite
challenging when negotiating
the bridge's curvature,
given the length of the
trailer. Yet another
daunting task for the crew
transporting the transformer
was ensuring that the truck
and trailer were not
overtaken by the force of
gravity as it travelled the
bridge's downhill slope.
This is the first bulky
gross load of 202tn that the
bridge has ever had to bear;
the weight is lower than the
bridge's carrying capacity
by 98tn.
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Indian Bank Releases Finance for Stalled Sugar Projects |
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A high-level Ethiopian government delegation led by
Girma Birru, minister of Trade and Industry (MoTI)
left for India last Friday to discuss sugar
development projects the latter finances after the
Indian financir realeased the fund for the project,
knowledgeable sources disclosed. |
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Lideta to Knock Down Old Walls, Build New |
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More than 2,600 residential units, shops, cafeteria
and restaurants in Kebele 07/14 of the Lideta
District, a vast majority of them owned by the
Kebele, are to be demolished in a couple of weeks
time to give way to the construction of a group of
buildings. |
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Awash Bank's High Rise Building to Change Gimbi Landscape
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Awash International Bank (AIB) is to construct the
first ever four-storey building in Gimbi Town, West
Wellega Zone of Oromia Regional State, 441 Km west
of Addis to house its first outlying branch. |
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CBE Extends $1.8m Lifeline to Coca Cola |
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The Coca Cola bottler in Ethiopia, East Africa
Bottling Share Company (EABSC), is to resume
production within the next two weeks, after the
state owned Commercial Bank of Ethiopia (CBE) agreed
to provide 1.8 million dollars for the import of the
basic raw materials the bottler has run out of,
impeccable sources disclosed. |
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Finance, Telecom Liberalisation May Quicken WTO Accession |
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Opening up the financial and telecom sectors may
help Ethiopia speed up its WTO accession process,
Peter F. Allgier, deputy US representative to the
World Trade Organization said. |
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Agriculture Production Registers over 8pc Growth |
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Ethiopia's agricultural production in the 2008/09
meher season has grown by 8.25pc against last year's
performance, the Ministry of Agriculture and Rural
Development (MoARD) disclosed. |
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New Secretary Gen. for ECCSA amid Predecessor Controversy |
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The third annual flower trade fair, "The New Face of
Ethiopia" organized by the Ethiopian Horticulture
Producer and Exporters Association (EHPEA) will open
by the middle of this week at the Millennium Hall of
the Africa Avenue (Bole Road). |
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Addis to Host Flower Trade Fair |
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The third flower trade fair, "The New Face of
Ethiopia" organized by the Ethiopian Horticulture
Producer and Exporters Association (EHPEA), will open
by the middle of this week at the Millennium Hall of
the Africa Avenue (Bole Road). |
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State Takes Back Textile Co.
from Turkish Firm |
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After a little over three years under a lease
contract by Narin Orme Textile Group, a Turkish
company, the Arbaminch Textile Share Company (AMTSC)
is to go back to state ownership due to growing
debts. |
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USAID Injects $12m into Rural Micro Finance |
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The United States Agency for International
Development (USAID) last week started a 12 million
dollars worth programme to help rural households
access the micro finance services market in four
regional states under the Productive Safety Net
Programme (PSNP). |
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Meles Warns Coffee Exporters against Hoarding |
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The Prime Minister has said that the government
would itself export the coffee if the exporters
failed to do so. This would be in an attempt to
bridge the gap between the demand for imports,
expected to hit nine billion dollars and the forex
brought in by exports, projected to be about 2.5
billion dollars in the current budget year. |
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Making Wealth from Waste |
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Alemayehu Begashaw, who
once had been one of the boys on the streets who fed
on and slept under a big mountain of waste, never
dreamt of one day becoming important enough to share
his experience on something he has done well.
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CBE Labour Union Elects New Leadership |
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The Supreme Council of the union, which is composed
of 150 members of whom 18 are women, has officially
started its functions on Friday, March 20, 2009, in
a day-long meeting it held at the main cafeteria of
the Bank's Head Office. |
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