Feasibility studies for all the seven hydropower, six solar power and three road projects were conducted and both local and international companies invited to bid for the solar power projects
ADDIS ABABA (ENA) – International bid for the construction of six mega solar power projects costing about 795 million USD is going to be issued soon, according to FDRE’s Ministry of Finance.
The total projects to be constructed by Public Private Partnership (PPP) are reportedly 16 and bids have been prepared for the six mega solar projects.
Speaking to journalist today, Finance State Minister Teshome Tafesse, PhD, said feasibility studies for all the seven hydropower, six solar power and three road projects were conducted and both local and international companies invited to bid for the solar power projects.
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The solar projects will be implemented in Oromia, Tigray, Afar and Somalia regional states, it was learned.
According to Dr. Teshome, a governing board comprised of seven members from public and two from private sector has been established to enforce the PPP Proclamation and facilitate the identified projects.
Since it has become very difficult for the government to meet the growing demand for infrastructures through public organs alone, it is highly committed to consolidate the PPP framework, he said.
The African Development Bank (AfDB) has recently provided USD 1.7 million support for the PPP program, including hiring of international consultants to the identified mega projects, it was indicated.
Source: ENA
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