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.
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Energy (Code: 230)
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
Project left as pledge as there is no verification of Chinese official finance.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Government of Ethiopia [Government Agency]
Implementing agencies [Type]
SinoHydro [State-owned Company]