Iran sanctions scupper Ethiopia's power exports

United Nations sanctions imposed on Iran will impact negatively on Ethiopia's ability to commence power exports to neighbouring countries, it has been learnt.



By The Africa Report
Tuesday, 03 April 2012

Ethiopian utility company, Ethiopian Electric Power Corporation (EEPCo) awarded a construction tender to an Iranian company, but the sanctions mean it will be difficult to carry out financial transactions, thereby stalling the power export project.

Iran Power & Water Export of Equipment & Services Company (IPWEESC) was, in 2008, awarded US$9.6 million tender to install substations in Bahir Dar and Gonder in Ahmara Regional State, with the project expected to be completed within 18 months.

EEPCo has also paid close to 60 percent of the contract amount to the Iranian firm, but the sanctions mean it will not be able to pay the rest, further stalling progress.

The UN Security Council resolution calls for the freezing of assets of Iranian companies and urges member countries to monitor the activities of Iranian banks, as these are barred from transferring funds.

"Due to the sanctions, we could not effect payments for the outstanding balance," an official told Ethiopian media, on condition of anonymity

.
The Iranian deal is part of an ambitious project by the Horn of Africa country to become a regional power house in exporting power. The project, funded by the World Bank with a loan of US41 million, ideally would have seen power exports beginning in May 2012.

As a solution, the World Bank is reported to have allowed EEPCo to deal directly with the four foreign vendors of the Iranian company, Philips of The Netherlands, Ericsson of Sweden, TBEA of China and Areva of France. This will facilitate the delivery of equipment upon the payment of the outstanding amount.

Negotiations between EPPCo and the foreign companies have since started.

EEPCo has already overseen the completion of a 296 kilometre power transmission line carrying 230 kilovolts. It was expected that Sudan would, by now, be linked to Ethiopia's power grid, had the substations been installed.

Although power exports to Sudan may start with 100 megawatts, the plan is to eventually increase it to 1,200 megawatts within eight years, when a series of dams on the Blue Nile River are completed.

http://www.theafricareport.com/index.ph ... 08618.html

Revolution the worthless shabia pig,

you have your own sanctions and ailing dictator to worry about............by the way, Ethiopian Defense Forces will be knocking at your door again very soon....sit tight.

According to World Bank report, "90% of Ethiopians live without electricity."
And we're told over and over again that the construction of the dam is to "export electricity to neighboring countries." My question is: Is it possible that the well-illuminated homes in Sudan or Kenya will be able to bounce back the light towards the Amhara Regional State where the power generating substations are installed by companies from the Islamic Republic of Iran?

shabo,

hat seems to be the problem?

...As a solution, the World Bank is reported to have allowed EEPCo to deal directly with the four foreign vendors of the Iranian company, Philips of The Netherlands, Ericsson of Sweden, TBEA of China and Areva of France. This will facilitate the delivery of equipment upon the payment of the outstanding amount.

According to World Bank report, "90% of Ethiopians live without electricity." And we're told over and over again that the construction of the dam is to "export electricity to neighboring countries." My question is: Is it possible that the well-illuminated homes in Sudan or Kenya will be able to bounce back the light towards the Amhara Regional State where the power generating substations are installed by companies from the Islamic Republic of Iran?

what seems to be the problem?

Well... since you asked... the problem is that 90% of the people in the Amhara regional state live without electricity, and to add insult to injury, you woyanes are using the water resources found in the Amhara region to generate power electricity that you will sell to neighboring countries and pocket the profits! Water grabbing is similar to the Land grabbing problem.

shabo,

What seems to be the problem?

...As a solution, the World Bank is reported to have allowed EEPCo to deal directly with the four foreign vendors of the Iranian company, Philips of The Netherlands, Ericsson of Sweden, TBEA of China and Areva of France. This will facilitate the delivery of equipment upon the payment of the outstanding amount.

Well... since you asked... the problem is that 90% of the people in the Amhara regional state live without electricity, and to add insult to injury, you woyanes are using the water resources found in the Amhara region to generate power electricity that you will sell to neighboring countries and pocket the profits! Water grabbing is similar to the Land grabbing problem.

Give me a break, shabo. Why don't you go look how the region has developed in the last 20 years. Haile or Menge kept everyone underdeveloped, including the region you're crying about. You need to focus on the your shabo tyrants who've sanctioned, bitchslapped, for driving an entire generation into the seas, deserts, and into slavery for 2 decades.

btw, are you calling for sanctions on the tyrants of Iran to be lifted?

Thanks to the very "compassionate woyanes" (if I may borrow Ayte Aregawi's favorite term) providing electricity to neighboring countries, Kenyan and Sudanese women no longer have to use kerosene lamp like this very hard-working Ethiopian mother who's working after dark to separate grains from chaff.

btw, are you calling for sanctions on the tyrants of Iran to be lifted?

No, you are ! HAHAHAHAHAHA



Iran, Ethiopia discuss bilateral ties



Addis Ababa, Jan 29, IRNA -- Islamic Republic of Iran’s Foreign Minister Ali Akbar Salehi conferred with Ethiopian Prime Minister Meles Zenawi here in the Ethiopian capital on Sunday.

Salehi and Zenawi discussed expansion of ties in different areas.

Foreign Minister Salehi submitted President Mahmoud Ahmadinejad’s message on cooperation with the African countries to the Prime Minister Zenawi.

He also outlined the achievements of the Islamic Republic of Iran in scientific and technological fields during more than 30 years of economic embargo imposed on Iran by the West and colonial powers.

Prime Minister Zenawi for his part emphasized using Iran’s experiences in scientific, technological, agricultural, pharmaceutical and industrial fields and transfer of Iran’s technological know-how to Ethiopia.

Zenawi also urged the need for holding sixth joint economic cooperation commission between Iran and Ethiopia.

2050**2050
Islamic Republic News Agency/IRNA NewsCode: 30787402
http://irna.ir/News/Politic/Iran,-Ethio ... s/30787402

Iran sanction will affect everyone, especially the poor nations like Ethiopia, Bangladesh, Sri Lanka, India,... The American taxpayer is already paying high at the pumps, and does not have the money to subsidies all those countries, while experiencing foreclosure and unemployment. Times are changing, Europeans are not able to fund those poor countries either, they are holding out a begging bowl from the BRICS nations.

Thanks to the very "compassionate woyanes" (if I may borrow Ayte Aregawi's favorite term) providing electricity to neighboring countries, Kenyan and Sudanese women no longer have to use kerosene lamp like this very hard-working Ethiopian mother who's working after dark to separate grains from chaff.

Did I get to your skin on the other thread; revolutions? ተቆርቓሪ ማስመሰሉን ተወው እባክህ፥፥ ኣንተን እንደእሳት የሚያንገበግብህ የኢትዬጲያ ህዝብ መበደል ሣይሆን ወያኔ ባልጠበከዉ ጊዜና ሁኔታ ስለተጫወተብህ እና የስርቆት ተካፋይ ኣለመሆንህ ነው:: ኣይዞህ:: ጊዜው ስላላለህ ነው::