FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Genale Dawa Dam Starts Pilot

Dec 7 , 2019


[ssba-buttons]

Genale Dawa III hydropower project, which is located in southeast Ethiopia 630Km from the capital, began pilot generation with one of the three turbines it had last Wednesday. The turbine is expected to start giving service by supplying power for the project site. Each turbine has an installation capacity of 84.7MW. Chinese Exim Bank has financed 60pc of the project, while the Ethiopian government covers the rest. The project has been delayed for five years due to the compensation issue, according to Moges Mekonnen, communications director of Ethiopia Electric Power (EEP). Once the dam becomes fully operational, it will have an installed capacity of 254MW power and will produce 1,640GWh annually. The dam is expected to be fully operational in January 2019. Currently, EEP operates and maintains more than 12 hydropower and three wind power plants. These plants generate 4,290MW of power. “The country's power demand increases by up to 13pc annually,” Moges said. The dam has the longest water passing cave in the country, which is 12.4Km long. The area also receives rainfall two times a year that gives the dam distinct advantages from the others.  The dam is being constructed by a Chinese company named CGGC with the supervision of MWH, an American company.


Radar

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


Radar

MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


Radar

Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...