Law ID: Proclamation No. 1044/2017
Date: August 3, 2017
Law Type: Proclamations
In Force

Export-Import Bank of China Loan Agreement for Financing the Aysha Wind Power Project Ratification Proclamation

WHEREAS, a loan agreement between the Government of the Federal Democratic Republic of Ethiopia and the Export-Import Bank of China stipulating that the Export-Import Bank of China provide to the Government of the Federal Democratic Republic of Ethiopia a loan in an amount equivalent to 218,692,400.00 USD (two hundred eighteen million, six hundred ninety-two thousand, four hundred United States Dollars) for financing the Aysha Wind Power Project was signed in Beijing on the 12th day of May 2017;

WHEREAS, the House of Peoples’ Representatives of the Federal Democratic Republic of Ethiopia has ratified the said Loan Agreement at its session held on the 5th day of July 2017;

NOW, THEREFORE, in accordance with Article 55(1) and (12) of the Constitution of the Federal Democratic Republic of Ethiopia, it is hereby proclaimed as follows:

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