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
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took over Servair's Ivorian fast-food business hours...
Bank of Africa Senegal Q1 profit rises 9.7% to 5.7bn CFA Revenue and interest income growth drive higher operating income Loans, deposits...
Fidelity Bank raises 227 billion naira from share placement Central bank review trims oversubscribed offering to 87.7% Bank exceeds 500...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inflation and restore access to foreign currency IMF...
Most Read
01

Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...

Enko Capital Buys Burger King Côte d’Ivoire in Servair Restructuring
02

From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...

Weekly Health Update | Vaccination Gains Advance in Africa; Antimalarial Resistance Threatens Progress
03

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
04

As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...

From South Africa to Egypt: Why Nissan is reshaping its African strategy
05

Mobile phones have become essential tools for work, education, payments and staying connected across...

EU Mandates Removable Phone Batteries. What It Means for Africa’s Device Market 
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.