COUNCIL OF MINISTERS REGULATION NO. 109/2004
WATER WORKS CONSTRUCTION ENTERPRISE ESTABLISHMENT (AMENDMENT) COUNCIL OF MINISTERS REGULATION
This Regulation is issued by the Council of Ministers pursuant to article 5 of the Definition of Powers and Duties of The Executive Organs of the Federal Democratic Republic of Ethiopia Proclamation No. 4/1995 and Article 47/1//a/ of the Public Enterprises Establishment Proclamation No. 25/1992.
1. Short Title
This Regulation may be cited as “Water Works Construction Enterprise Establishment (Amendment) Council of Ministers Regulation No. 109/2004”.
The Water Works Construction Enterprise Establishment Council of Ministers Regulation No. 156/1994 is hereby amended as follows:-
1. Article 3 is hereby deleted and replaced by the following new Article 3:
“3. Supervising Authority
The Ministry of Water Resources shall be the Supervising Authority of the Enterprise.”
2. The following new sub-Articles /3/4/ and /5/ are added after sub-Article /2/ of Article 5.
“3. Construct its own dams pertaining to water resource development for irrigation and other related development purpose and administer the same; and collect the investment cost from the beneficiaries of such dam; and invest the money on other similar development;
4. Issue, sell and pledge bonds;
5. Manufacture and sell different kind of pipes necessary for its activities.”
3. Article 6 is hereby amended as follows:-
The Authorized Capital of the Enterprise is Birr 3,709,180,000 (three billion seven hundred nine million one hundred righty thousand birr) of which Birr 205,412,000 (two hundred five million four hundred twelve thousand birr) is paid up in cash and kind.”
3. Effective Date
This Regulation shall come into force as of the date of its publication in the Federal Negarit Gazeta.
Done at Addis Ababa, this 23th day of August, 2004
PRIME MINISTER OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA