Koysha Hydro Power Project Faces Financial Delay


Koysha Hydro Power Project Faces Financial Delay

A serious forex crunch and inadequate cement supply have pushed the completion of the Koysha Hydropower project back by several years. Abayneh Getnet, deputy head of the project, disclosed last week that at least four more years are required to complete the much-anticipated project. The Koysha construction reached 42pc, while the drilling work for the hydropower reached 52pc, and the spillways work reached 90pc. The project is a 2.16GW hydroelectric facility poised to become Ethiopia's second-largest hydroelectric power source, leveraging six turbines capable of producing 300MW of energy. The Grand Ethiopian Renaissance Dam project, which is nearing completion in Benishangul Gumuz Regional State, is the country's flagship hydropower project set to significantly boost energy access in the country. Prime Minister Abiy Ahmed (PhD) reviewed the progress of the project on the Omo River, highlighting its potential to provide significant power generation capacities to hasten economic growth. With nearly half of Ethiopia's population lacking access to electricity, experts have often indicated the need to leverage the country's vast renewable energy capacity. The country has the potential to generate over 60,000MW of electric power from hydroelectric, wind, solar and geothermal sources.


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