Tuesday, June 14, 2011

Gezhouba Group built hydro project to commence operations in Ethiopia

(14 June 2011)- The new $137mAmerti-Neshi hydroelectric power project located in Ethiopia will commence operations this month, when one of its two 48.5MW turbines becomes operational.

A second turbine is expected to come online on 15 September 2011.

The dam's reservoir, constructed on the Neshi River reservoir by China-based Gezhouba Group (CGGC), can hold 448 million cubic metres of water.

The Chinese Export-Import (Ex-Im) Bank provided 85% of the funding while the remaining 15% was secured by the Ethiopian government.

US based Montgomery, Watson & Harza Consultancy received a $5m contract to serve as the consultant on the project.

The project also includes a 241km transmission line installed by EEPCo estimated to cost ETB445m ($25.8m) which was obtained in a separate loan from the Ex-Im Bank.

The electricity generated by the Amerti-Neshi Project and the 134MW Finchaa Hydroelectric Power Project will be plugged to the national power grid for distribution, according to Addisfortune.com.
Source: energy-business-review.

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