By Nizar Manek, November 1 2019
European, Asian firms interested in joint venture with state
Initial contract awarded to controversial military-linked firm
(Bloomberg) --
Ethiopia is awaiting proposals from European and Asian companies for a joint venture intended to oversee the revival of a stalled fertilizer complex.
The unidentified firms have expressed interest in developing the Yayu Fertilizer Complex comprising a fertilizer plant, a 90-megawatt thermal power station and coal mine to supply the plant, according to Beyene Gebremeskel, the director-general of the Public Enterprises Holding and Administration Agency. “The second step is screening by asking them to provide project proposals,” Beyene said. “It’s a partnership, not selling.”
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https://www.bloomberg.com/news/articles/2019-11-01/ethiopia-awaits-proposals-for-revival-of-fertilizer-complex