Ethiopia Secures Funding for $1 Billion Hydropower Line

Ethiopia Secures Funding for $1 Billion Hydropower Line
Ethiopia’s Grand Renaissance Dam currently under construction

AFRICANGLOBE – Ethiopia will receive funds from China for a transmission line valued at $1 billion that will bring electricity from a hydropower plant to the capital, Addis Ababa according to a government official.

The 619-kilometer (385-mile) link from the 6,000-megawatt Grand Ethiopian Renaissance Dam on the Blue Nile River will be constructed over the next three years by China Electric Power Equipment and Technology, Deputy Prime Minister of Economy and Finance Debretsion Gebremichael told reporters in Addis Ababa today.

“The construction of this big transmission line will help benefit our economy and to ensure our industrial development,” he said. Funding for the two 500-kilovolt cables will come primarily from the Export-Import Bank of China, Debretsion said.

Ethiopia, which according to the World Bank has the second- highest hydropower potential in Africa after the Democratic Republic of Congo, hopes to finish the self-funded $5-billion Nile dam in 2018. The project will be the continent’s biggest power plant.


By: William Davison


  1. China is smart, ….Gaddafi may have had the deal before for maybe one tenth the price, but by standing by , while Gaddafi got lynched, they got what they wanted

  2. I was about to say the same thing. They ran this scam in Ghana – and, somehow, more than fifty years later, the dam’s not being used for power. Be very critical of this.

  3. If they take 1 billion from China, thats it for Ethiopia, they may as well, start learning Mandarin – the chinese in Africa dont even learn the locals languages much less respect them, good luck man, aint nobody benefiting but the Chinese mate, ruined china with their quick building, now they have taken set on Africa, ha ha good luck.

  4. They’ve been talking about this dam for like the past 5 years, I thought it was already in construction.. And I thought the whole point of this project was no to get any external funding?