The government of China is to provide 85 percent of the total cost of the 100-MW Finchaa-Amarti-Neshe hydroelectric project, to be built in Ethiopia by a Chinese firm.
The state-run Ethiopian News Agency said Ethiopian Electric Power Corp. (EEPCO) signed an agreement in December with China Gezhouba Group Corp. for construction of the project at a cost of 1.3 billion birr (US$147.3 million).
Ethiopia Mines and Energy Minister Alemayhu Tegenu said Finchaa-Amarti-Neshe is one of the hydro projects in Ethiopia’s five-year strategic plan. He said the government plans to increase generating capacity to 4,000 MW from 790 MW in the next five years through a series of hydropower projects. (HNN 1/29/07)
EEPCO Chief Executive Officer Meherte Debebe said, in addition to generating power, the project would provide irrigation of 6,000 hectares in the vicinity of the Finchaa Sugar Estate.
Work is to begin in February on the Neshe River and be completed in 33 months.