Ethiopia launches $4 billion hydro-power project on River Nile
Published: Mar 30, 2011 by Tigist Taddese HaileFiled under: Ethiopian News
APA-Addis Ababa (Ethiopia) Ethiopia on Wednesday launched a hydro-power project
over the River Nile with around $4.7 billion investment, which is bound to scare
Egypt of its interests on the River Nile.
It is the first time that Ethiopia has launched such a huge hydro-power project
with such huge amount of investment.
The power plant, expected to generate around 5,250 megawatt, is named the
‘Millennium Dam On the Nile’, which claims to be the first of its kind in Africa
that will cover 40 kilometres square over the River Nile.