Ethiopia: Chinese Hydropower Investments by CGGC

September 8, 2009

Ethiopia Hydropower by CGGC

Ethiopian Prime Minister Meles Zenawi state that Ethiopia is welcoming Chinese enterprises to actively participate in Ethiopia’s development of hydropower projects and are welcome to help Ethiopia to make better use of its abundant water resources to generate electricity.

Prime Minister Meles, who was co-chairman of the Beijing Summit of the Forum on China-Africa Cooperation in 2006 met this weekend in Ethiopia with visiting Mr. Yang Jixue, Chairman of China Gezhouba Group Corporation (CGGC).

China Gezhouba Group Corporation (CGGC) is listed in the Shanghai Stock Exchange (600068:SHH) and is the main constructor of the Three Gorges project as well as a very active constructer of thermal power stations, substation and transmission works, highways, railways, bridges, dikes, docks, ports, environment protection works, communication networks and housing in more than 30 countries worldwide.

Meles stated the fact that Ethiopia is a country with rich water resources, where the available hydropower capacity reaches 45.000 MW, whereas it has developed only 3% of this huge potential so far. To address the issue of domestic electricity supply and demand, the Ethiopian government is currently concentrating great efforts to further develop its rich water resources and improve domestic know-how of hydropower.

Prime Minister Meles was further mentioning some of the main hydropower projects that CGGC has been actively involved in throughout Ethiopia so far, and stated his hopes that China’s hydropower engineering firms should not merely get involved in international tenders regarding development of Ethiopian water resources, but also get more actively involved in direct investment projects and financing projects, as to cooperate closer with Ethiopian companies and help these to develop and train its own technical staff and construction teams.

Yang Jixue said China Gezhouba Group Corporation is confident that the company can help to develop Ethiopia’s rich water resources and generate low-cost, clean electricity and further assist Ethiopian development by aiding in infrastructure work that targets to reduce poverty and provide Ethiopia with a sound power and electricity foundation. He also promised that CGGC will focus more training and technology transfer in the coming years, as to help the country foster a pool of Ethiopian engineers and well-educated technical personnel for the hydropower sector.

During late August this year, the Tekeze Dam in northern Ethiopia – 180 meters tall and one of Africa‚Äôs largest dams – successfully began generating power. The Tekeze Dam has a 300 MW capacity and is expected to play an important role in meeting Ethiopia’s growing domestic demand for electricity. The US$ 224 mill. used for this project is was invested by Sinohydro and China Gezhouba Group Corporation and in a joint-venture with Sur Construction.

Ethiopia is currently construction two other hydropower projects: the 420 MW Gilgel Gibe 2 and the 435 MW Beles Dam, and is targeting to strengthen it’s economy by exporting electricity to neighboring African countries.

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{ 1 comment… read it below or add one }

1 mengizem December 4, 2009 at 02:57

i so great to see your participation in Ethiopia hydro power development work. am water engineer how can i work with you.

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