The company was assigned development of Grand Ethiopian Renaissance Dam and sugar factory,[4] as well as the Jinka Sugar Bag factory.[5] On November 12, 2018, all assigned project canceled due to fail to complete, and government arrested Kinfe Dagnew, CEO of METEC, after a trial to escape through Sudan, where he was captured by Defence force. Kinfe Dagnew arrived in helicopter to Addis Ababa.[6]