November 21 2015 0Comment

ASER procures bond worth 2.9 mln birr for GERD

The Management and Employees of ASER Construction Plc. Procured bond worth 1.4 million birr for the construction of the Grand Ethiopian Renaissance Dam (GERD); while the company itself bought 2.5 Million Birr worth of bond.

The company decided to buy the bond after 500 of the company’s employees and members of the management reached a consensus to allocate their one month salary for the same initiative.

It is known that the GERD is the dawn of hope for alleviating the tremendous energy needs of the nation thereby catapulting and sustaining its economic growth the nation. The dam will have a capacity of generating 6,000MW of electricity after completion, it was learnt.

 

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