Somaliland

26 Sep

Somaliland forms one power unit to receive Ethiopia’s energy

ethionegari@gmail.com0 CommentsNewsAddisAbaba, EthioNegari, Ethiopia, Somaliland

Energy utility providers in Somaliland and their government form a special purpose vehicle (SPV) as per the Ethiopian Electric Power (EEP) recommendation in order to realize interconnection to access cheap energy from Ethiopia. The SPV Company, Tayo Energy Transmission Company (TETCO) LTD was formed from the Somaliland side to carry out the project that shall connect the country with the Ethiopian line. According to the information Capital obtained from EEP, recently a private utility operator in Somaliland was in communications with the state owned energy generator, which is also responsible for power export, to connect Somaliland with Ethiopia through high…

10 Jun

Ethiopia losses its 19 percent share on Berbera Port as it fails to meet conditions set by the goverment of Somaliland for the ownership.

ethionegari@gmail.com0 CommentsNewsADDIS ABABA, EthioNegari, Ethiopia, Somaliland

According to the Ministry of Finance of Somaliland, in 2016 government of Somaliland offered Ethiopian government to take 19 percent of ownership on the port with conditions the Ethiopia government needs to fulfill a requirement but the government didn't act on time and the offer has expired.As the minister indicated one of the conditions was financial contribution of the construction of the port, which Ethiopia failed to do so. The entire construction of the port is financed by DP world. In May 2016, DP World signed a US$442 million agreement with the government of Somaliland to operate a regional trade…