Thursday, January 2, 2014

TPLF Mafia causes Ethiopia's Electric Corporation over $ 26 Million Loss

Miheret Debebe, ex-CEO of the Corporation
ESAT News reported on December 31, 2013 that due to corruption within the Ethiopian Electric Power Corporation (EEPCo), now divided into two institutions, Ethiopia has lost over 26 Million USD. The ex-CEO of the Corporation, Miheret Debebe, who opposed this corrupt practice, has finally been removed from the post.
Veteran combatant of the TPLF, current Deputy Prime Minister of Ethiopia and Board Chairman of the Corporation, Dr. Debretsion Gebremichael, speaking regarding the removal of Miheret said “as much as he is appreciated, he knows that he had deficiencies himself. He was not surprised when he was removed from office too”. Although Debretsion alleged incapacity as the main reason for the removal of the CEO, a report that has been presented to Prime Minister Hailemaraim Dessalgn by the Ethiopian  Federal Ethics and Anti-corruption Commission (FEAC) states that Meheret had been opposing the corrupt practice that had cost the Country to lose over 26 Million USD.
The Anti-Corruption Commission had submitted a report to the late Prime Minister Meles Zenawi that in 2007/08 there was lack of transparency and irresponsible purchase of transformers. The corrupt practices began to unravel when the Corporation announced that an Indian company called Goodluck Steel Tubs Limited won the bids when Transformers with Conservator Units were purchased instead of Hermetically Sealed Transformers.
Several other bids and corrupt deals have been conducted between the Indian company and several top management of the Corporation, most of  which have been investigated by the Anti Corruption Commission and were submitted to the Prime Minister although measures have not been taken.
Top officials of the TPLF that have been facilitating the corruption at the back-doors and affecting Meheret’s work have not been detained or punished when many other officials have been. It is to be recalled that an Indian Company had recently signed an agreement to lead the Electric Corporation Management.

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