Thursday, March 20, 2014

Ethiopia on track to generating electricity from Africa's largest power plant in 18 months

Construction of the Grand Ethiopian Renaissance Dam. PHOTO/File

Ethiopia is on track to generating electricity within 18 months from what will be Africa’s largest power plant.

The sale of 7.1 billion birr (US$367 million) of bonds over the past 3 years to domestic investors, has contributed to the 27 billion birr (US$1.4 billion) spent so far on the 75.5 billion birr (US$3.9 billion) Grand Ethiopian Renaissance Dam (GERD) hydropower project, said Zadig Abraha, deputy general

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