Who is financing the Ethiopian dam?
Who is financing the Ethiopian dam?
Government of Ethiopia
The people and Government of Ethiopia are funding the project, which will not only serve Ethiopia, but Sudan and Egypt as well. The latter two countries depend on the Nile River for their water although 85% of the river flows in Ethiopia. The dam’s construction is expected to create up to 12,000 jobs.
Why is China building dams in Africa?
Africa is a growing source of raw materials for China’s industrial sector as well as a marketplace for Chinese goods. Chinese companies are heavily involved in extraction of oil, minerals and logging as well as in construction of large infrastructure.
What is the Grand Inga Dam project?
The Grand Inga Dam is a series of seven proposed hydroelectric power stations at the site of the Inga Falls, in the Democratic Republic of the Congo. If built as planned, the 40-70 GW project would be the largest power station in the world.
What is China doing to fund Ethiopia’s mega dam?
In 2013, China advanced US$1.2 billion in loans to Ethiopia to build power transmission lines to connect the dam to major towns and cities. And last year, China promised to lend a further US$1.8 billion to fund the expansion of Ethiopia’s power grid, following a visit by Ahmed to Beijing.
What is going on with the Nile River Dam in Ethiopia?
Ethiopia has completed the filling of a massive, controversial dam on the Blue Nile river for a second year, state media has said, a move that is likely to anger Egypt and Sudan who have long opposed the project. Addis Ababa has said the Grand Ethiopian
Will Ethiopia’s mega-dam cause drought in Sudan?
As Ethiopia begins diverting 13.5 billion cubic meters of water from the Blue Nile river to its controversial new mega-dam, residents of Sudan to the south fear a repetition of last year’s devastating drought.
Why is Ethiopia’s Renaissance Dam controversial?
Addis Ababa has said the Grand Ethiopian Renaissance Dam (GERD), a $4bn hydropower project, is crucial to its economic development and to provide power. But the project has caused concern over water shortages and safety in Egypt and Sudan, which also depend on the Nile’s waters.
