The Ethiopian Electric Power (EEP) is formally ceasing its power generation operation

The Ethiopian Electric Power (EEP) is formally ceasing its power generation operation

The Ethiopian Electric Power (EEP) is formally ceasing its power generation operation and will focus on the management of the existing plants, transmissions linens and substations.

Abraham Belay (PhD), CEO of EEP, told employees during a meeting on Thursday that in accordance to the ongoing reform activities the organization has initiated, EEP would no longer be involved in developing power generating plants. It will rather concentrate on managing the operations of the plants and power transmission lines. Accordingly, the existing and future power projects will be handled by private companies.

Source: The Ethiopian Reporter

A new 1.5 billion Br headquarters is set to replace the current National Theater, formerly known as Haile Selassie I Theatre.

A new 1.5 billion Br headquarters is set to replace the current National Theater, formerly known as Haile Selassie I Theatre.

The new 19-storey building will rest on 7,000Sqm of land located behind the headquarters of Awash Bank and Awash Insurance in Beherawi. Afro-Tsion Construction Plc will be constructing the building.

Expected to take five years to complete, the construction was started under the supervision of Addis Mebratu Consulting Architects & Engineers, a 21-year-old firm that previously consulted and supervised the construction of Commercial Bank of Ethiopia's Megenagna branch.

The construction of the building will create jobs for 650 people.

Source: Addis Fortune