Dam Gets Big Green LightOne more hurdle down for Ethiopia's road to self reliance...3200 megawatts to sell to Egypt and Sudan forever....$4.7 Billion Dollars to be spent on the Dam Construction and to start this year...wonder if Ethiopia is serious about working on her 5 year growth plan and eventually be the north african "power-house?"
One Dam at a time, One Mine at a time, One Agricultural Land Lease at a time.
Karma
Egypt approves of Ethiopia’s Renaissance Dam in principle
Posted by EthiopianAfrican, Business, Featured, Latest News, News, PoliticsMonday, May 16th, 2011
Ethiopian Renaissance Dam
Egypt has in principle approved the Renaissance Dam that Ethiopia intends to build on its borders with Sudan this year, according to an official source.
The source added that Prime Minister Essam Sharf and his Ethiopian counterpart have agreed that an Egyptian technical committee examine the blueprints of the dam, so as to determine whether it would adversely affect Egypt’s Nile water quota, and that Egypt might participate in the construction of the dam, which is expected to cost around US$4.7 billion.
An agreement has also been reached by which Egypt and Sudan will buy electricity from Ethiopia’s power station in Mendaya, which has the capacity to provide 1200 megawatts to Sudan and another 2000 to Egypt. A related agreement allows for Egypt to import a large number of Ethiopian livestock.