Two Electricity Projects Near Completion

Apr 26 , 2019


Ethiopia will get a hydroelectric dam and an electric transmission line that connects the country to Kenya. The Genale Dawa III Hydroelectric Project and the transmission line, which are being constructed by Chinese companies, are expected to be operational by the second half of this year. Gezhouba Group is undertaking the construction of the dam, which is located in the southeastern part of Ethiopia, for 450 million dollars. The electricity transmission line, which extends 1,045Km from Ethiopia to Kenya, is expected to cost 1.2 billion dollars, a project funded by the African Development Bank and the World Bank. Ethiopia’s side of the project, which stands at 433Km, is currently being constructed by the China Electric Power Equipment & Technology and will have a  capacity of producing 2,000MW once it is completed.


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Parliament Nods for Cabinet Appointments

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Radar

Fitch Acknowledges Easing Financial Pressures, Enhanced Macroeconomic Stability

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