The Office of Public Private Partnership Directorate General announced the issuance of the Request for Qualification (RFQ) for four solar power photovoltaic (PV) projects among the 17 projects which were already endorsed by the PPP board to be procured through PPP arrangement. This round RFQ is issued for Humera, Mekele, Welenchitti, Weranso.
Source: Ministry of Finance Ethiopia
The President of the European Commission, Jean-Claude Juncker met with the Prime Minister of Ethiopia Abiy Ahmed to discuss EU support to Ethiopia's reform process and agree to an additional €130 million to support job creation. On this occasion, President Juncker said: "The partnership between Ethiopia and the EU is particularly strong and the meeting with Prime Minister Abiy today allowed us to exchange on how to further deepen it. The EU supports the ambitious reform agenda in Ethiopia and is committed to step up its support to the country".
Commissioner for International Cooperation and Development, Neven Mimica and Ethiopian Minister of Foreign Affairs Dr. Workneh Gebeyehu Negewo furthermore signed three new programmes to promote sustainable economic growth and job creation in the country for a total amount of €130 million.
The newly formed Public Private Partnership (PPP) Board has approved six solar energy projects at a cost of USD 798 million with capacity to generate some 750 megawatt of electricity. Teshome Tafesse (PhD), State Minister of Finance, told reporters on Thursday that the PPP Board has approved two of the six projects, and to receive term of proposal from international bidders. The remaining four will be receiving term of qualification for the foreseeable future considerations.
According to the state minister, the two solar projects which are about to be developed are located in the Afar and Somali Regional States. Both “Scaling Solar Gad” and “Scaling Solar Dicheto” are the name of the two projects expected to be developed in Somali and Afar Regions, respectively. Both of these projects will be developed through the Independent Power Purchase (IPP) agreement frameworks.
The International Finance Corporation (IFC), best known as the private sector arm of the World Bank Group, has inked agreements to guarantee Ethiopia’s global trade, mostly involving import bills. The global trade financing scheme agreement was signed between the IFC and the National Bank of Ethiopia (NBE), in the presence of Phillipe Le Houerou, Chief Executive Officer of the IFC.
During the signing, Le Houerou said that Ethiopia will have a guaranteed import while the amount of the trade financing will depend on the scale and capacity of local banks. Singing the agreements, Yinager Dessie (PhD), governor of NBE said that the global trade financing comes at a time when the country is being tested with acute shortage of hard currency.