ADDIS ABABA, — Ethiopian Electric Power (EEP) and a Chinese firm, TBEA Contractor Limited, have signed a contract agreement for the construction of a power transmission project at a cost of 98 million USc dollars.
Azeb Asnake, the chief executive officer of State-owned power utility EEP, and Xue Fen, the Deputy General Manager of TBEA Co. Ltd, signed the agreement here Wednesday under which TBEA will handle the construction of the Bole-Lemi and Kilinto Industry Zone power transmission project.
“This project is expected to satisfy the power demand of the industrial parks, residential and other new demand around the Koye Abo, Koye-Fitche, Kilinto and Bole Lemi areas of Addis Ababa,” said Azeb.
The contract comprises two packages for the construction of sub-stations and construction of transmission lines, she added.
Both projects are expected to be completed in 12 months with 85 per cent of the total project cost to be financed through a commercial loan from the Exim Bank of China and the balance to be covered by the Ethiopian government.
Xue said: “I guarantee that TBEA will spare no effort to contribute to Ethiopian power construction and national development with our quality products, efficient performance and reliable service.”
EEP is confident that TBEA will replicate its successful past experience in constructing the Gibe III-Addis Ababa 400 kilovolt (kv) transmission line project when implementing the new contract.
SOURCE: NAM NEWS NETWORK