Ethiopian Electric Power (EEP) concluded a 1.2 billion Birr agreement with Larsen Arsen & Toubro Limited, an Indian company, for capacity improvement and expansion project at power distribution stations. The main aim of the expansion project is avoiding power interruptions.
85 percent of the cost is financed by a loan secured from French Development Agency while the rest 15 percent will be covered by the Ethiopian government.
Source: http://www.2merkato.com/news/alerts/4534-ethiopia-eep-concluded-12-billion-birr-deal