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Ethiopian Electric Power (EEP) awarded its new Head Quarter construction project to Chinese contractor CGCOC Group. EEP stated that the project that is estimated to cost 2.5 billion birr has been awarded to a foreign contractor due to the scale and complexity of the project as well as lack of capacity of local contractors. EEP is the third governmental institution to award its headquarters to a Chinese contractor after Commercial Bank of Ethiopia and Ethio Telecom.

The construction will be carried out in the Mexico area on 47,881 square meters of land and is expected to conclude in 36 months.

“The new building of EEP is designed to be eco-friendly and will use solar energy for up to 60 percent of the facility’s power consumption. So EEP is proud to be an example of eco generation and using renewable energy sources,” said Azeb Asnake CEO of EEP during the contract signing ceremony with CGCOC that was held at the Sheraton Addis Hotel on Thursday, October 20, 2016.

Azeb further stated that EEP expected the building to be finished ahead of schedule. “The total cost of the building is estimated to be 2.5 billion birr including taxes and other levies and the total project works will be completed 36 months and partial usage of the building ahead of schedule is highly expected. The project will create at least 800 jobs for Ethiopians at different skill levels,” she said.

The building will be 34 stories high and will have a parking capacity of 600 cars. “It is expected that the existence of this building will bring a conducive work environment for the employees through which productivity and modernization will be enhanced. Moreover the Ethiopian energy sector which is regarded as the backbone for other industry and the country’s development at large, deserves to have a graceful and elegant image on top of maximizing its performance,” Azeb also said.

The project has two local consultants; MH Engineering and Geresa Consulting Firm. CGCOC Group, the Chinese company awarded the building contract, has several investments in Africa in infrastructure and agriculture. The Group’s investment in Ethiopia includes the Poli Lotus International Center real estate project.