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Ethiopia - EEPCo salaries boosted 20%
Addis Ababa, Ethiopia - The Ethiopian Electric Power Corporation (EEPCo) has raised salaries by 20% and paid four months back salary starting from the beginning of this Ethiopian fiscal year for all its employees as well as the management.
EEPCo made the payment this week including back salaries, on Tuesday December 11, for permanent employees who have worked for at least a year at the corporation.
The corporation has recently awarded its employees with a two-month salary bonus, costing the corporation around 26 million birr. The Corporation employs a work force of over 10,000.
EEPCo currently supplies power to 22pc of the country.
It has plans to electrify 870 rural towns, while its subscribers which stood at 1.3 million in 2005/06, rose by 270,000 last year. In the 2007/08 budget year, the corporation has envisaged to expand its services by subscribing 1.7 million households.
The corporation is now expanding its horizons to incorporate alternative forms of energy and has begun exporting to neighboring countries.
Huge hydroelectric dam projects are underway in Gibe, Tekeze, Beles and Amertineshi to expand current capacity. Construction works by foreign companies will be launched soon to export 300mw of hydroelectric power to Djibouti per annum.
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