IPS and RES hold consultative meeting with EEG

December06 , 2022, Addis Ababa , Ethiopia ,(EEG) : The  Ethio-Engineering Group (EEG) held here today  a consultative meeting   with IPS- Integrated Power System and RES- Renewable Energy Solution meant to  install a   latest   machines, with a production capacity of 500 MW per year ,   in the premises of the  Sendafa Solar Panel Production Factory .

‘As solar energy is one of the alternatives to alleviate the community’s energy supply shortages, we shall engage in the area widely’’, EEG, chief Executive officer (CEO), Ambassador Meseganu Arega noted adding that the fact that the government has paid due attention to the sector enables the group to engage in power transformation equipment production too.

And as such we shall discharge the duties and responsibilities entrusted upon us diligently to be competitive and supply the local and international market with the same, he said.
Meanwhile Dr. Neway Argegaw, representing the companies explained about the machineries to be installed at the Sendafa solar Panel Production Factory.

Production of 20MW from existing factory lines is also part and parcel of the half day deliberation. So also on ways and conditions of producing quality products for local and international market by importing many modern technologies.

Meanwhile , the companies heads  have toured and visited  factories embraced under the group .The role group’s sister companies play in adding values on solar panel products  is immense , according to them.  The Ethiopia Plastic Industry, in this regard, is worth mentioning.

There is also an interest to engage, side by side,   in the production and marketing of solar driven vehicles and appliances.

 The companies are due to sign, sooner or later, a memorandum of understanding with the Group, it was learnt.

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