ETV News - Ethiopia to build Grand Dam on Abay in defiance of Egypt

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1914 days ago, 113910 views
Ethiopia will build a new hydropower plant in the Nile River basin that will generate 5,250 megawatts of electricity, Water and Energy Minister Alemayehu Tegenu said./nThe facility, known as the Grand Millennium Dam of Ethiopia, will be built at a cost of 80 billion birr ($4.76 billion), Alemayehu told reporters today in Addis Ababa, the capital. The plant will be situated in the Benishangul-Gumuz region near the border with Sudan, he said./nThe project will be funded by Ethiopia, partly through the sale of government bonds, and the Horn of Africa nation’s international partners, Alemayehu said./n“The Ethiopian government is ready and determined to complete the project with or without foreign grants or loans,” he said. No further details on financing or who will build the plant were provided./nEthiopia has the second-largest hydropower potential in Africa, after the Democratic Republic of Congo, according to the World Bank. The country plans to increase its electricity capacity fivefold to 10,000 megawatts over the next five years, Alemayehu said./nSome of the power produced by the plant will be exported to neighboring Sudan and Egypt, he said. Last month, Burundi became the sixth nation to sign an agreement on usage of water from the Nile River, enabling ratification of an accord that may strip Egypt of its veto power over projects that tap the world’s longest river./nEgypt and Sudan will benefit more from irrigation from the reservoir than Ethiopia, according to Alemayehu./n“The dam will doubtlessly benefit all the riparian countries involved, with disadvantage to none,” he said./nEgypt has not been consulted on the project, Egyptian Embassy spokesman Mostafa Ahmady said in an interview today from Addis Ababa.

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Showing 1 to 10 of 63 comments.
commenter - 264 days ago
-2147483648
commenter - 500 days ago
ወነጀለልነን ለመማጠጥፈፍተት በወነንላይ
commenter - 692 days ago
Welove ethiopia
commenter - 941 days ago
favorable com
commenter - 1070 days ago
I am Eritrean. if I have to talk about this dam is going to help every country in that region. those who are against this project are simply they don't get it. it is god sin for all African caoutyies
commenter - 1081 days ago
A
commenter - 1111 days ago
i didn't buy the bond so far and i wanna buy it right now .i am so energized now.i cant sleep her while this ignorane and uneducated egyptian are undermining us.the dam will never affect them and they don't wanna accept the international report.they wana us to be undeveloped,poor.but this time is for ethiopia.ethiopia rising.i have been against this goverment.but now i am very touched and energezed.i am not gonna see from out side while my country is treatedf unfair from out side force.i love my country and but the bond and help as much as i can to move this country for ward.look at how the oppostions in egypt agrivated on issue of nile.we have to learn from them.i don't give any dam shit for oposition politician.this is a time to be united and work to develope our nations.forget about the politics and work tegether and also buy the bond.i decided to buy now 25,000.00 bond.God is with ETHIOPIA
commenter - 1542 days ago
I am Italian my name is Alessandro Ciarlo
I came to GERDP two years ago in a helicopter because there were no roads
I was the first to touch the ground with my foot this project
I live and work here with my Ethiopian brothers.
I think you need to know to speak, and unless you know you should be quiet
If you do not believe that this project exists then come here and we will accommodate you see it with your eyes.
Do not give power to ignorance because this will kill your intelligence.
Very easy to understand.
You were lucky enough to have a president like Meles
is the only politician to develop your country
If this is not true then I want a name of an Ethiopian politician who has done something for this country, please write the name:

If you do not know the name of a politician who has contributed to the development of this nation
So come with us here in the sun at 50 degrees, come to work for your country
under extreme conditions because we are building the future of your children, but I do not see you here by my side, I only see your Ethiopian brothers who do not speak of things that do not know but they also work for you.
Have respect for those who are giving their lives.
I am here.
Ciao.
commenter - 1598 days ago
screw you. !
commenter - 1612 days ago
i i'm rely proude of by PM MELESE ZENAWYE RELY HECHAG OUR PICHER..... WE R WIN BEFOR ... TO DAY ALSO WE WILL WIN 2GATHER. God SAVE ETHIOPIA. WE LOVE U ETHIOPA!!!!

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