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Wuha Lemate
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The Grand Ethiopian Renaissance Dam, formerly know as the Millennium Dam and sometimes referred to as Hidase Dam, is gravity dam on the Blue Nile River about 40 km (25 mi) east of Sudan in the Benishangul-Gumuz Region of Ethiopia.[1] At 5250 MW, the dam will be the largest hydroelectric power plant in Africa when completed,[2] and the reservoir at 63 billion cubic meters will be one of the continent's largest.



Dam and spillways
Type of dam Gravity, roller-compacted concrete
Height 145 m (476 ft)
Length 1,800 m (5,906 ft)
Impounds Blue Nile River
Reservoir
Creates Millennium Reservoir
Capacity 63,000,000,000 m3 (51,074,931 acre·ft)
Power station
Turbines 15 x 350 MW Francis turbines
Installed capacity 5,250 MW
Net generation 15,000 GWh (planned)
 

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....... Hidase Dam, is gravity dam on the Blue Nile River about 40 km (25 mi) east of Sudan in the Benishangul-Gumuz Region of Ethiopia......
the Sudanese border is about 15 kms along the river from the proposed dam site...

 

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Nice idea Teklu !this dam is so historical and expensive and huge it deserve its own thread .Actually i think we need a separate thread for the gibe III dam project too.
Anyway the government so far raise 7 billion birr(about 408 million USD) since the dams official inauguration in last april from the public.In my opinion its a big achievement despite the skyrocketing living expense the public giving this much money .

Bloomberg
Ethiopia Sells Bonds to Finance Africa’s Biggest Power Plant
September 29, 2011, 11:21 AM EDT


By William Davison

(Updates with opposition comment in 12th, 13th paragraphs.)

Sept. 29 (Bloomberg) -- Ethiopia plans to offer more bonds to finance Africa’s biggest power plant after selling 7 billion birr ($408 million) of debt domestically over the past six months, Communications Minister Bereket Simon said.

The sale will contribute to the 80 billion birr needed to finish the 5,250-megawatt Grand Ethiopian Renaissance Dam on the Blue Nile​ River​, Bereket said in an interview on Sept. 27. The country isn’t raising funds from foreigners in a bid to demonstrate its economic resurgence, he said.

Ethiopia, source of the main tributary of the Nile River, started building the hydropower plant in April as it seeks to become a regional electricity exporter amid shortages in countries including Kenya, Sudan and Uganda. The Horn of Africa nation, which relies on commodities such as coffee for most of its foreign currency, is also diversifying an economy that the African Development Bank says may double in size by 2020.

“Building a dam on the Nile has been the dream of every Ethiopian,” said Bereket, who heads a so-called public mobilization council to raise funds for the project. “For millennia, we have been looking at the Nile as if it has been a curse that took our fertile soil and benefited others while Ethiopia was impoverished.”

Egypt depends on the flow of the Nile for all of its water and historically opposed infrastructure projects by upstream nations during former President Hosni Mubarak’s rule, according to Ethiopia’s government. Since Mubarak was deposed in February, Egyptian and Ethiopian officials have met twice and relations are improving, Bereket said, without elaborating.

Bigger Than Singapore

The hydropower plant is scheduled to be completed by mid- 2017. The project involves building a dam wall 145 meters (476 feet) high and 1.8 kilometers long, before flooding 1,680 square kilometers (649 square miles), an area more than twice the size of Singapore, of mostly uninhabited forest on the Blue Nile in the western Benishangul-Gumuz region.

The government’s plan to borrow 398.4 billion birr by mid- 2015 to invest in industry and infrastructure may lead to the economy over-heating and debt problems, the World Bank​ said in June. Annual inflation in Ethiopia was 40.6 percent in August, partly because the central bank boosted money supply.

Ethiopia, Africa’s second-most populous nation, has been ruled by former rebel Prime Minister Meles Zenawi’s ruling party since 1991 when the military junta of Mengistu Haile Mariam​ was overthrown. The economy, which ranks as Africa’s fourth-biggest, grew 9.9 percent in 2009, the fastest rate on the continent.

Sufficient Capacity

“The financial capacity to build the dam I don’t think should be in doubt at all,” Zemedeneh Negatu, managing partner for Ernst & Young LLP in Ethiopia, said in an interview on Sept. 22. “Over the next six years, Ethiopia can collect from taxes somewhere between 450 and 500 billion birr.”

Donations of a month’s salary by civil servants have been converted into bonds to help boost the nation’s savings rate, currently 5.5 percent of gross domestic product, Bereket said. Public funding is unlikely to be maintained as it would be “too taxing,” so private companies have been encouraged to buy the debt, which offers a coupon of 5 percent.

There are also plans for bonds to be offered to the Ethiopian diaspora with returns above the London Interbank Offered Rate, while sales to farmers are planned “early next year,” he said.

Opposition Criticism

The opposition Oromo People’s Congress criticized the fund- raising methods being used for what it said is an otherwise popular project.

“In a university of several thousand, the president said because five people spoke they all agreed to donate one month’s salary,” Merera Gudina, chairman of the opposition OPC and professor of political science at Addis Ababa University, said in an interview in the capital on Sept. 21.

A “significant” portion of funding will also come from the government’s development budget, Bereket said. A National Bank of Ethiopia directive issued in April compelling banks to buy government bonds equivalent to 27 percent of their loans each month may raise 11 billion birr for development programs in its first year, according to Access Capital, the Addis Ababa- based research group. That amount is likely to increase in subsequent years, it said in an April research note.

Ethiopia will generate most of the electricity that will be traded among nine countries that are expected to connect to a regional grid by 2016, according to the Eastern Africa Power Pool, an Addis Ababa-based body that facilitates regional integration. The country started exports to Djibouti in May, a transmission line to Sudan may be completed by January and a feasibility study for a link to Kenya has been finished.

The dam, situated about 30 kilometers (18 miles) from the Sudanese border, is “very critical” for Ethiopia to achieve its industrialization goals and for neighboring states, said Zemedeneh.

--Editors: Paul Richardson, Ana Monteiro.

To contact the reporter on this story: William Davison in Addis Ababa via Nairobi at [email protected].

To contact the editor responsible for this story: Paul Richardson in Nairobi at [email protected].
http://www.businessweek.com/news/2011-09-29/ethiopia-sells-bonds-to-finance-africa-s-biggest-power-plant.html
 

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Wuha Lemate
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Discussion Starter #5
@abenet u right my friend specially for GIBE III DAM there is more than enough info to start separate trend and i will try to collect the info and the isuue concerning the project and try to creat a well organized trend.
 

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Djibouti
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Machinery for Ethiopian Dam arrives at Djibouti

Some of the machinery ordered by the Ethiopian government for the building of the Renaissance Dam started arriving in Port Djibouti. The machines that arrived at Port of Djibouti and are ready for transport were imported primarily from the United States and Italy.

A couple of US made Caterpillar family trucks, (990) at a cost of 1.5 million dollars each and Italian Astra machinery (including RD 40 and RD 50) at a cost of 250,00 euros each are currently at Port Djibouti awaiting transport to the project site. The imported machinery consists of bulldozers, dumpers, rollers, graders as well as other heavy duty machines to be utilized in the construction of the Dam said Mr. Pierre Kothari, Agent for Salini Contractors in Djibouti, on Wednesday.

The machines being imported are the latest and best of their kind added Mr Kothari. The Salini representative asked that the Customs Authority and other involved agencies to assist in the speedy transport of the machines to the project site.

The imported machinery is expected to play an important in the construction of the dam as well as other projects across the country according to Engineer Semgnew Bekele, Manager of the dam construction project.

After the completion of the Great Renaissance Dam the Ethiopian government is planning to construct other dams on the Nile as part of produce 20,000 megawatts of power within the next ten years part of a plan to spend 12 billion dollars over 25 years to raise power generating capability.
source
 

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^^ From ETV news on Oct 10, 2011 the arrival of heavy machinery for the construction of Grand Ethiopian Renaissance Dam in the Djibouti port :banana:

 

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I thought they were still looking for finance for the Dam?. Isnt this costing $8 billion dollars? I hope they are building up the transmission network in the country and to neghbouring nations to cope with this power.
 

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I thought they were still looking for finance for the Dam?. Isnt this costing $8 billion dollars? I hope they are building up the transmission network in the country and to neghbouring nations to cope with this power.
A small portion of the needed financing has been secured through the sales of bonds, enough to get the project going I guess since they've been working around the clock for months. I don't know how they plan to get rest, it's an extremely expensive project for a country like Ethiopia, but the government seems determined to succeed. Time will tell I guess..
 

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Faranje
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Most of the money collected for this has essentially been by extortion ...bullying staff to give up a months salary and busines to buy bonds ..what is going to happen in future years ... the language of the government is like george orwells 1984 Novel ........
 

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^^ nice. I really like that head engineering (geologist?) guy, he seems to be on top of things..very knowledgeable.
 

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Ethio Ferenji,
i still do not believe if this story is really true. And as to forcing people to give their salaries i have heard horror stories. US and UK are doing this all to us, after all they brought the regime to power and they keep it there now for over 20 years.


Most of the money collected for this has essentially been by extortion ...bullying staff to give up a months salary and busines to buy bonds ..what is going to happen in future years ... the language of the government is like george orwells 1984 Novel ........
 

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Ethiopia upgrades Africa's biggest dam
Ethiopia on Monday said it plans to upgrade the electricity generating capacity of Africa's biggest dam project, from 5,250 megawatts (MW) to 6000 MW after revising designs.

The "Millennium Dam on the Nile", a mega hydro electric project, was launched last year with a $ 5 billion investment amid a diplomatic row between Ethiopia and Egypt. Egypt had expressed fears that the project over the Nile River would affect the water flow.

The design change, which sees an increase of 750 MW, follows months of negotiations between the two countries.

Ethiopia is the largest contributor to the Nile's water whilst Egypt is the biggest consumer of the water resource among the riparian countries thanks to colonial era agreements between the North African country and Britain, its former colonial power.

According to the Ethiopian government the design work will help to save more than $ 200 million from the initially estimated cost of $ 5 billion.

A source close to a national committee established to oversee works on the dam said that the project will be completed as scheduled. The project, which will be implemented in least four years, will see its first phase completed and start generating power in the next two years.

Upon completion of the first phase of Millennium Dam, two of its units will start generating an initial 700 MW.


Ethiopia hopes to boost energy exports to neighbouring states including Kenya, Sudan and South Sudan. Djibouti started importing power from Ethiopia some four months ago.

The "Millennium Dam On the Nile", which Ethiopia claims to be the first of its kind in Africa, will cover 40 Km by 40 km on the Nile River and hold 62 billion cubic meters of water.
http://www.theafricareport.com/index.php/20120319501807522/east-horn-africa/ethiopia-upgrades-africa-s-biggest-dam-501807522.html
 

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^^good news :banana:But isn't called the grand rennaisance dam :nuts:
 

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