Project ID: 34940

China to partially fund Gibe IV hydroelectric dam in Ethiopia

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Ethiopia

Sector

Energy (Code: 230)

Flow type

Loan

Concessional

Vague

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

Estimated.

2011

Description

In July 2009, Ethiopia has signed a 1.9 billion euro deal with China to construct two hydroelectric dams with a capacity of more than 2,000 megawatts, its national electricity company said on Wednesday. Mihret said the pact that was signed on Tuesday was for the construction of Gibe IV and Halele Werabesa dams, expected to produce 2,150 MW when completed in five years. Gibe IV is a continuation of three other hydro dams on the 325-mile (523 km) Omo river. Eighty five percent of the project will be financed through preferential buyers' credit and concessionary loans from China with the balance covered by Ethiopia, said Mihret Debebe, EEPA's general manager.As of October 2011, plans have been approved and funding secured for Gibe IV. The expected year of commission for this project was 2015. The total cost of the project is to be 1.22 billion USD, of which China is to fund 85%. China's Sinohydro is to be responsible for part of the construction of this project. The Give IV dam has a capacity of 1,600 MW

Additional details

Project left as pledge as there is no verification of Chinese official finance.

Number of official sources

0

Number of unofficial sources

4

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Ethiopia [Government Agency]

Implementing agencies [Type]

SinoHydro [State-owned Company]

Loan type

No Information

Gurarantee provided

No

Insurance provided

No