(NOC) announced that it bought an 18 million birr bond for the construction of the renaissance dam.
From the total amount the 15 million birr bond is bought by the company itself and the company’s employees have bought an 829 000 Br worth of bond.
The remaining 2.3 million birr bond is bought by the NOC gas stations owners and operators.
It is indicated that the current bond purchase is of the second time. At the start of the dam’s construction NOC had bought an 18.8 million birr worth of bond.
NOC is said to be covering around 35% of the country’s gas distribution network.
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