On June 09, 2022, Ambassador Teshome Toga held a fruitful discussion with Mr. Gao Lei, the vice president of CGCOC Group and Managing Director of East African Branch on ways in which the company can make investments on the Green Development Projects focusing on Solar Energy, Electric City Bus and Juncao Techonolgy.
On the discussion Ambassador Teshome noted that Ethiopian Government is committed to carry on Green Development Projects and in doing so encourag companies like CGCOC to invest in Ethiopia. He added that Ethiopia is gifted with significant renewable energy resources, with huge potential of hydro, solar, wind, and geothermal power and called on the company to work in a joint venture with Ethiopian investors who have interests on related areas.
Ethiopia as the home of largest livestock population in Africa, the embassy will provide the necessary support to CGCOC to realize ”Juncao Technology ” which is reputable project that works mainly on animal fodder and mushroom productions.
Mr.Gao Lei on his part said that CGCOC is an international enterprise with businesses covering over many countries around the world, and as Ethiopia prioritized working on Green Development Projects, the company presented three new matching projects in the area. He added that the company is committed to execute those projects by working together with Ethiopian local businesses.
