Deal #1228

Location #1

Spatial accuracy level
Administrative region
Location
Soddo, Ethiopia

Target country
Ethiopia

Location #2

Spatial accuracy level
Administrative region
Location
Gamo Gofa, Ethiopia

Target country
Ethiopia
Comment on location
And Waletia

Land area

Intended size (in ha)
20000
Size under contract (leased or purchased area, in ha)
[2007] 20000
[2008] 0
Comment on land area
Originally 20 000 hectares was obtained for the project. However in 2008, the company cancelled the contract and switched to out growers with 4000 hectares (and expanding). Beginning operations in June of 2008, Global Energy Ethiopia (GEE) signed a contract to rent almost 3,000 hectares in Wolaita for castor bean plantations. Within the year, GEE forfeited the land, claiming lack of infrastructure, unsuitable soil, encroaching inhabitants and a myriad of other issues that inhabited profitable production.

Intention of investment

Intention of investment
Biofuels

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
[2007] Concluded (Contract signed)
[2010] Failed (Contract cancelled)
Comment on negotiation status
The company changed its model from a plantation run by the company, to contracting local farmers as “out-growers”.

Implementation status

Comment on implementation status
Status of project unknown after sale in 2009, a year in which the first seeds were exported.

Leasing fees

Annual leasing fee
49
Annual leasing fee currency
Ethiopian Birr
Annual leasing fee type
per ha

Contract farming

Contract farming
Yes
Not on leased / purchased area (out-grower)
Yes
Not on leased / purchased area (out-grower, in ha)
7500
Not on leased / purchased farmers (out-grower)
25000
Comment on contract farming
In 2008 approx 4,000ha was seeded by outgrowers.

Contract #1

Duration of the agreement (in years)
50

Operating company

Comment on investment chain
In 2009 Global N.R.G. Pacific Ltd. (a subsidiary of Global Energy USA) sold the company to Presaco Investment Ltd.

 

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Data source #1

Data source type
Government sources
File

Data source #2

Data source type
Media report
File

Data source #3

Data source type
Media report
File
Date
2010-12-03

Data source #4

Data source type
Research Paper / Policy Report

Data source #5

Data source type
Research Paper / Policy Report
File
Comment on data source
Biofuels - A Failure for Africa. A briefing by the African Biodiversity Network, the Ethiopian Society for Consumer Protection, and The Gaia Foundation, December 2010

Data source #6

Data source type
Company sources
File
Comment on data source
ANNUAL REPORT 2009

Detailed crop, animal and mineral information

Crops area
Castor Oil Plant

Use of produce

Domestic use
0
Has export
Yes
Export
100

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
AGF (Agrofuel production). Processing plant was not built in time for first export due to not being able to obtain a loan.

Aug. 25, 2016, 7:17 p.m.

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March 18, 2016, 9:34 a.m.

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Feb. 6, 2014, 9:59 a.m.

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July 2, 2013, 11:58 a.m.

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June 4, 2013, 7:11 p.m.

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May 10, 2013, 1:17 p.m.

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April 24, 2013, 1:14 p.m.

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March 10, 2013, 11:13 a.m.

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Feb. 15, 2013, 5:01 p.m.

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