Dark
Light
Today: December 25, 2024

Ethiopia to Get Chinese Funds for $1 Billion Hydropower Line

April 26, 2013

By William Davison
April 26 (Bloomberg) — Ethiopia will receive funds from China for a transmission line valued at $1 billion that will bring electricity from a hydropower plant to the capital, Addis Ababa according to a government official.
The 619-kilometer (385-mile) link from the 6,000-megawatt Grand Ethiopian Renaissance Dam on the Blue Nile River will be constructed over the next three years by China Electric Power Equipment and Technology, Deputy Prime Minister of Economy and Finance Debretsion Gebremichael told reporters in Addis Ababa today.
“The construction of this big transmission line will help benefit our economy and to ensure our industrial development,” he said. Funding for the two 500-kilovolt cables will come primarily from the Export-Import Bank of China, Debretsion said.
Ethiopia, which according to the World Bank has the second-highest hydropower potential in Africa after the Democratic Republic of Congo, hopes to finish the self-funded $5-billion Nile dam in 2018. The project will be the continent’s biggest power plant.

Leave a Reply

Your email address will not be published.

Previous Story

Former Ethiopian pres Col Mengistu is alive and well…

Next Story

50 Ethiopian immigrants sentenced to lengthy jail term with hard labor in Zambia.

Latest from Blog

Go toTop