Ethiopian Federal Laws

COUNCIL OF MINISTERS REGULATION TO PROVIDE FOR THE ESTABLISHMENT OF THE ETHIOPIAN ELECTRIC POWER

This Regulation is issued by the Council of Ministers pursuant to Article 5 of the Definition of Powers and Duties of the Executive Organs of the Federal Democratic Republic of Ethiopia Proclamation No. 691/2010 and Article 47(1)(a) of the Public Enterprises Proclamation No. 25/1992.

1. Short Title

This Regulation may be cited as the "Ethiopian Electric Power Establishment Council of Ministers Regulation No. 302/2013".

2. Establishment

1. The Ethiopian Electric Power (hereinafter the "Enterprise") is hereby established as a public enterprise.
2. The Enterprise shall be governed by the Public Enterprises Proclamation No. 25/1992.

3. Supervising Authority

The Ministry of Water, Irrigation and Energy shall be the supervising authority of the Enterprise.

4. Head Office

The Enterprise shall have its head office in Addis Ababa and may have branch offices elsewhere, as may be necessary.

5. Purposes

1. to undertake feasibility studies, design and survey of electricity generation, transmission and substation; to contract out such activities to consultants as required;
2. to undertake electricity generation, transmission and substation construction and upgrading; to contract out such works to contractors as required;
3. to handle electricity generation and transmission operational and maintenance activities;
4. to lease electricity transmission lines as required;
5. to sell bulk electric power;
6. to undertake universal electric access works;
7. in line with directives and policy guidelines issued by the Ministry of Finance and Economic Development, to sell and pledge bonds and to negotiate and sign loan agreements with local and international financial sources;
8. to undertake any other related activities necessary for the attainment of its purposes.

6. Capital

The authorized capital of the Enterprise is Birr 139,074,764,567.32 (One Hundred Thirty Nine Billion Seventy Four Million Seven Hundred Sixty Four Thousand Five Hundred Sixty Seven Birr and Thirty Two Cents ) of which Birr 34,768,691, 141.83 (Thirty Four Billion Seven Hundred Sixty Eight Million Six Hundred Ninety One Thousand One Hundred Forty One Birr and Eighty Three Cents) is paid up in cash and in kind.

7. Liability

The Enterprise may not be held liable beyond its total asset.

8. Duration

The Enterprise is established for an indefinite duration.

9. Transfer of Rights and Obligations

The rights and obligations of the Ethiopian Electric Power Corporation re-established under Council of Ministers Regulation No. 170/2009 which is directly related to its power generation, transmission and substation activities are hereby transferred to the Enterprise.

10. Effective Date

This Regulation shall come into force as of the 9th day of December, 2013.

Done at Addis Ababa, this 27th day of December, 2013
HAILEMARIAM DESSALEGN
PRIME MINISTER OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA