Ethiopia Splits State-Owned Power Utility, Contracts India's Power Grid Corporation

JOHANNESBURG--January 2, 2014--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--The Ethiopian government has split the major state-owned utility, the Ethiopian Electric Power Corporation (EEPCO), into two entities to improve overall performance, and has contracted India's Power Grid Corporation (BSE:532898) (PGCI) (Gurgaon, India), to manage one of the entities.