China and India and Ethiopia final report - FES Ethiopia

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11 Koka -Dire Dawa Power Transmission Project 1,111,541,574.89CTransmission TotalU.E.A.P. Total (16 projects)Grand Total(A+B+C)4,407,206,043.861,051,660,514.1926,532,398,010.54Indian companies have secured several projects related to power transmission,distribution and sub-stations. KEC International Limited is the leading Indiancompany in power projects. It had earlier completed two power projects of 66kV-130 kV transmission lines in 1996 in Mekelle, and in 2000-03 in Jimma.Since August 2004, it has been awarded several power distribution andtransmission projects worth US$ 157 million, including six projects awardedsince April 2005. Bharat Heavy Electricals Ltd. (BHEL), a Government of Indiaenterprise, was awarded a contract by EEPCO in August, 2005 for a 230 kVsub-stations. It has also shown interest in the areas of hydropower, coal and gasbased power generation. IRCON has been awarded contract for 66 kVextension of 9 substations in different parts of Ethiopia in 2005. In October 2005,Kalpataru Power Transmission Ltd. was awarded a power transmission projectfor the Alamata-Combolcha-Cotobe-Kaliti 230 kV overhead transmission line.Jyoti Structures Ltd. has executed three 132 kV turnkey projects for powertransmission. Mumbai-based M/s Enercon India Power Development wasinvited by EEPCO for a wind-based power project. Kirloskar Oil Engines hassupplied generator sets of varying capacity to Ethiopian TelecommunicationsCorporation, Ministries of Education and Health, Oromia Water Resources etc.50
5. Impacts of the Global crisis on the growing Relationship 6The global financial crisis has already caused a considerable slowdown ineconomies of most developed and developing countries. Governments aroundthe word have been trying to contain the crisis.What are the channels through which the crisis could spread to developingcountries and how are the effects being felt in developing countries?The relationship between OECD GDP and Africa’s GDP has weakened as aresult of the emergence of countries such as China, as well as structuralchanges in African economies. According to the IMF World Economic Outlookreport in April 2008, a decline in world growth of one percentage point wouldlead to a 0.5 percentage point drop in Africa’s GDP, so the effects of globalturmoil on Africa (via trade, FDI, aid) would be quite high. The correlationbetween African GDP and World GDP since 1980 is 0.5, but between 2000 and2007, it was only 0.2. As there have been significant structural changes (and amove into services that were able to withstand competition much better) aswell as the rise of China, African growth has temporarily decoupled fromOECD GDP.There have been also signs of a slowdown in Asia, the engine of recent worldgrowth. In the space of a couple of months, the Asian Development Bank hasrevised its forecast for Asian countries downwards by 1-2 percentage points.The IMF growth forecasts have been revised significantly, especially for the UK(-1.8 percentage points down from the last forecast for 2009), but also India (-1.16 This section heavily draws on the works by Dirk Willem te Velde, The globalfinancial crisis and developing countries Which countries are at risk and what can bedone?51
Page 1 and 2: A Survey of the Economic and TradeR
Page 3 and 4: 1. Introduction1.1. BackgroundEthio
Page 5 and 6: • examine the impacts of the curr
Page 7 and 8: 2. Overview of the Ethiopian Econom
Page 9 and 10: The structure of the economy has no
Page 11 and 12: Table 2.3 Export by Destination (sh
Page 13 and 14: China, P. Rep. 7.1 8.4 9.3 10.3 11.
Page 15 and 16: usually appreciate the import of ch
Page 17 and 18: a recipient much as it has been wit
Page 19 and 20: has become a favored testing ground
Page 21 and 22: While the ESI correctly shows that
Page 23 and 24: On November 24th, 1970, the People
Page 25 and 26: In May 2007, China's Assistant Mini
Page 27 and 28: Ethiopia. Starting from 1988, every
Page 29 and 30: Although Ethiopia’s major trading
Page 31 and 32: Attempt is made here to examine the
Page 33 and 34: 4.1.2.1 Trends in Imports and Ranks
Page 35 and 36: percent in 2008. This was due to re
Page 37 and 38: Imports from both China and India,
Page 39 and 40: FDI by looking at the number of lic
Page 41 and 42: It is possible to make comparison b
Page 43 and 44: Table: 4.6 Sectoral distributions o
Page 45 and 46: 4.3.1 RoadRoad sector is among majo
Page 47 and 48: Source: ERA2007 13 1 7.7 122008 12
Page 49: themselves finance. Indian companie
Page 53 and 54: The financial crisis that affects C
Page 55 and 56: exports and higher prices, however
Page 57: IDS (2009), China and the global fi

China and India and Ethiopia final report - FES Ethiopia

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