Addis Ababa – The Ministry of Mines and Energy said some 64 investors with a combined capital of close to 368 million Birr capital have engaged in bio-fuel development during the past nine months.

Acting Public Relations Section Head with the ministry, Bacha Faji told ENA that some 18 of the investor have already entered into production phase.

The investment projects have so far created permanent and casual jobs to 139,824 people.

The head said the development of bio-fuel would enable the country save foreign currency spent on import of naphtha.

The Development of Jatropha and castor bean plants, rich sources of bio-fuel is well underway in Wolkite and West Hararghe Zones for the same purpose.

The head said ministry has been striving to improve and expand energy supply by developing and distributing energy sources and modern technologies.

The demand for energy has been highly increasing.

Accordingly, he said the government has been constructing six power generating stations by spending huge capital.

Upon going fully operational, the stations would generate more than 3,270 Mega Watt (MW).

(ENA)

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