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Ethiopia: Passing of Advisor Postpones Signing of Wonji-Shoa Agreement

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Addis Fortune (Addis Ababa)

21 January 2008
Posted to the web 22 January 2008

Wudineh Zenebe
Addis Ababa

The sudden death of Gaweri Parsad, chief technical advisor of JP Mukherji & Associated Pvt Ltd, postponed the Engineering Procurement Construction (EPC) contract that was to be signed between Wonji-Shoa and UTTAM, an Indian-based company, on Thursday. The agreement is expected to be signed on Monday afternoon.

The veteran advisor, who for the past 20 years had been advising Mukherji on the Ethiopian sugar industry, passed away on January 15 at Hayat Hospital while undergoing treatment. According to the hospital report, the cause for his death was internal bleeding in his head.

Active in Ethiopia since the 1970s, JP Mukherji was entrusted as the advisor to the Ethiopian government in the evaluation and selection process of bidders that will be hired to supply and install the sugar mill plants. Parsad has also been highly involved in Ethiopian sugar projects.

"Parsad was an asset to Ethiopian sugar development," Deres Yalew, head of procurement department at the Tendaho Sugar Factory Project Office, told Fortune.

Including the Wonji-Shoa project, the Ethiopian government has allocated 15 billion Br for the expansion of two sugar factories - Finchaa and Metehara - and the construction of a brand new Sugar Factory, Tendaho. JP Mukherji is the consultant of these projects.

The agreement was postponed because it could not be signed without the presence of the consultant. Executives of the company have gone to India accompanying the deceased, sources disclosed.

Overseas Infrastructure Alliance signed the EPC contract for the Tendaho and Finchaa sugar projects while UTTAM is expected to sign its agreement for the Wonji-Shoa Project.

UTTAM won three of the four tenders floated by Wonji-Shoa; juice extraction, stem generation and processing house. Another Indian manufacturing firm, ISJAK, won the fourth tender for powerhouse construction and is expected to subcontract it to UTTAM. This company will also undertake the Tendaho processing house.

The expansion would upgrade the capacity of Wonji-Shoa, which currently produces 700,000qts of sugar, threefold as its crushing capacity would increase from 300tns of sugarcane to 12,500tns, Getahun Tadesse, board chairman of Wonji told Fortune. The factory's total land holdings is also planned to increase to 16,000hct from the current 7,000hct.

The agreements for the projects were made to be EPCs as there are two more winners of the various lots in tender floated for the projects. Just a week ago, Overseas signed an EPC agreement as it won two lots for the Tendaho and Wonji projects each. UTTAM will also sign an EPC agreement as it has won three lots for the Wonji project.

The idea to sign an EPC agreement came from the Indian EXIM Bank, which financed 640 million dollars for the projects. The financier supplied a soft loan in order not to communicate all the winners of the various lots.

Relevant Links East Africa Economy, Business and Finance Company News Construction Ethiopia

Ethiopia's annual demand of sugar stands at 3.5 million quintals but the three sugar factories jointly produce only three million quintals. When the sugar projects get finalised, Ethiopia is expected to produce 15 million quintals of sugar annually. Of the 15 billion Br required for these projects, the financing obtained from India covers 39pc.

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