Public Management

Ethiopia inaugurates Africa’s biggest hydroelectric dam

Ethiopia inaugurates Africa’s biggest hydroelectric dam
Monday, 21 February 2022 15:46

The World Bank estimates that more than 60% of the Ethiopian population is still without electricity. This is more than 110 million people living in the dark. To reduce this electricity gap, the Ethiopian government initiated the construction of the Grand Ethiopian Renaissance Dam (GERD) in 2011. Today, the project is complete and the commissioning took place yesterday, February 20.

“Ethiopia's main interest is to bring light to 60% of the population suffering in darkness, to save the labor of our mothers who are carrying wood on their backs to get energy,” said PM Abiy Ahmed who presided over the ceremony.

Valued at more than $4 billion, GERD has the potential to produce 5,000 MW, double the current national production. Ethiopia even plans to sell part of the dam output to neighboring countries. As a reminder, Sudan and Egypt have strongly opposed the project, which they believe would threaten their water supply, since GERD is built on the Nile, which is shared by these three countries, among others. Since its construction started, the dam has been at the heart of diplomatic tensions that even the intervention of the UN Security Council has not been able to calm.

The GERD project will increase the contribution of hydropower to Ethiopia's energy mix, currently estimated at 90%, confirming Ethiopia's status as the leading African producer of electricity from renewable sources.

Emiliano Tossou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
• Kasada obtains €15 million (around $17.4 million) loan from Africa Go Green fund.• Funds will support construction of a sustainable hotel in...
• Ecobank is selling its Mozambique unit to FDH Bank as part of a strategic shift.• The sale will be fully funded by FDH Bank’s own capital, pending...
• New system will link banks, fintechs, and mobile operators in a single platform• Real-time transfers and payments to be available 24/7 across all...
• The auction is the first 25-year bond (UGX 500B), scheduled for Aug 6, aims to extend debt maturities and ease fiscal pressure.• Targets long-term...
Most Read
01

• Ivory Coast is said to be negotiating a €800M syndicated loan with Standard Chartered and Soc...

Ivory Coast Said in Talks for €800 Million Syndicated Loan to Refinance Debt
02

• Mali seeks $176M via WAEMU bond offering launched July 28, with 7- and 5-year tranches at 6.5...

Mali Launches A Two-Tranche Bond Sale, Targeting $176 Million
03

Located on the southeastern coast of Zanzibar, Jambiani is a coastal village that captivates visitor...

Jambiani: A Fishing Village in a Paradise Setting
04

Credit stress rose as NPLs hit 14.3% by Nov 2024, driven by BEAC's rate hike to 6.75%. Concen...

Cameroon Banks: Compliance Holds Up Even as Bad Loans Climb, According to AFDB
05

MTN Uganda, MTN Mobile Money and the Uganda Hotel Owners Association signed an MoU on 1 August 202...

MTN Group On A MoU To Accelerate Hospitality Services Digitization in Uganda
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.