Berliner Boersenzeitung - Ethiopia starts generating power at Nile mega-dam

EUR -
AED 3.938479
AFN 73.284283
ALL 98.19234
AMD 417.267449
ANG 1.943348
AOA 978.447316
ARS 1071.53141
AUD 1.629089
AWG 1.930079
AZN 1.82711
BAM 1.955647
BBD 2.17713
BDT 128.849948
BGN 1.955921
BHD 0.406468
BIF 3183.551653
BMD 1.072266
BND 1.425189
BOB 7.467417
BRL 6.152562
BSD 1.078316
BTN 90.972903
BWP 14.300884
BYN 3.528725
BYR 21016.42052
BZD 2.17343
CAD 1.49386
CDF 3073.115756
CHF 0.939162
CLF 0.03726
CLP 1028.119797
CNY 7.698019
CNH 7.63378
COP 4640.937963
CRC 551.556973
CUC 1.072266
CUP 28.415058
CVE 110.256399
CZK 25.259812
DJF 192.015021
DKK 7.459869
DOP 64.934934
DZD 142.958848
EGP 52.835878
ERN 16.083995
ETB 133.503285
FJD 2.399951
FKP 0.820465
GBP 0.830088
GEL 2.916983
GGP 0.820465
GHS 17.683621
GIP 0.820465
GMD 76.671173
GNF 9295.27488
GTQ 8.33535
GYD 225.592402
HKD 8.336174
HNL 27.205878
HRK 7.386875
HTG 141.888931
HUF 407.236454
IDR 16786.168917
ILS 4.020796
IMP 0.820465
INR 90.481213
IQD 1412.489812
IRR 45134.375558
ISK 148.766647
JEP 0.820465
JMD 171.076654
JOD 0.760348
JPY 163.686863
KES 139.08915
KGS 92.433433
KHR 4378.658423
KMF 493.644665
KPW 965.039476
KRW 1499.246878
KWD 0.328832
KYD 0.89853
KZT 530.808592
LAK 23665.153893
LBP 96559.167469
LKR 315.465391
LRD 204.33406
LSL 18.869628
LTL 3.166124
LVL 0.648604
LYD 5.232592
MAD 10.648369
MDL 19.338491
MGA 4988.610841
MKD 61.610194
MMK 3482.679288
MNT 3643.561097
MOP 8.633826
MRU 42.957649
MUR 49.75717
MVR 16.566921
MWK 1869.754141
MXN 21.634265
MYR 4.699212
MZN 68.521819
NAD 18.869628
NGN 1788.626462
NIO 39.676905
NOK 11.794827
NPR 145.556645
NZD 1.797446
OMR 0.412628
PAB 1.078316
PEN 4.044584
PGK 4.328662
PHP 62.679371
PKR 299.424042
PLN 4.325898
PYG 8431.342275
QAR 3.931893
RON 4.977143
RSD 117.04113
RUB 104.99181
RWF 1478.084695
SAR 4.02742
SBD 8.943509
SCR 14.390377
SDG 644.972153
SEK 11.594849
SGD 1.4214
SHP 0.820465
SLE 24.501684
SLL 22484.885861
SOS 616.251927
SRD 37.497551
STD 22193.748611
SVC 9.435264
SYP 2694.101668
SZL 18.864528
THB 36.687634
TJS 11.462006
TMT 3.763655
TND 3.347839
TOP 2.511359
TRY 36.822021
TTD 7.327428
TWD 34.580984
TZS 2878.975413
UAH 44.514627
UGX 3946.692121
USD 1.072266
UYU 45.046486
UZS 13787.924411
VEF 3884341.194834
VES 47.874003
VND 27101.532073
VUV 127.301648
WST 3.003615
XAF 655.905833
XAG 0.031788
XAU 0.000394
XCD 2.897854
XDR 0.808437
XOF 655.905833
XPF 119.331742
YER 267.878982
ZAR 19.79817
ZMK 9651.687743
ZMW 29.35571
ZWL 345.269328
  • RBGPF

    61.4000

    61.4

    +100%

  • SCS

    0.0600

    13.14

    +0.46%

  • NGG

    -0.3600

    63.94

    -0.56%

  • GSK

    -0.3700

    36.29

    -1.02%

  • RIO

    -3.0400

    64.43

    -4.72%

  • AZN

    -0.2000

    64.49

    -0.31%

  • CMSC

    0.1600

    24.84

    +0.64%

  • CMSD

    0.2350

    25.125

    +0.94%

  • RYCEF

    0.0100

    7.15

    +0.14%

  • RELX

    0.3200

    47.98

    +0.67%

  • JRI

    0.1600

    13.53

    +1.18%

  • BCE

    0.3000

    28.37

    +1.06%

  • VOD

    -0.0100

    9.31

    -0.11%

  • BTI

    -0.0100

    35.39

    -0.03%

  • BP

    -0.8800

    28.93

    -3.04%

  • BCC

    1.4700

    142.32

    +1.03%

Ethiopia starts generating power at Nile mega-dam
Ethiopia starts generating power at Nile mega-dam

Ethiopia starts generating power at Nile mega-dam

Ethiopia began generating electricity from its mega-dam on the Blue Nile on Sunday, a milestone in the controversial multi-billion dollar project.

Text size:

Prime Minister Abiy Ahmed, accompanied by high-ranking officials, toured the power station and pressed a series of buttons on an electronic screen, a move that officials said initiated production.

The Grand Ethiopian Renaissance Dam (GERD) is set to be the largest hydroelectric scheme in Africa but has been at the centre of a dispute with downstream nations Egypt and Sudan ever since work first began in 2011.

Abiy described Sunday's development as "the birth of a new era".

"This is a good news for our continent & the downstream countries with whom we aspire to work together," he said on Twitter.

Addis Ababa deems the project essential for the electrification and development of Africa's second most populous country, but Cairo and Khartoum fear it could threaten their access to vital Nile waters.

Abiy, wearing sunglasses and a khaki-coloured hat emblazoned with the Ethiopian flag as he toured the site, dismissed those concerns.

"As you can see this water will generate energy while flowing as it previously flowed to Sudan and Egypt, unlike the rumours that say the Ethiopian people and government are damming the water to starve Egypt and Sudan," he said as water rushed through the concrete colossus behind him.

But Cairo denounced Sunday's start-up, with the foreign ministry saying Addis Ababa was "persisting in its violations" of a declaration of principles on the project signed by the three nations in 2015.

- 'Resisting external pressure' -

The $4.2-billion (3.7-billion-euro) dam is ultimately expected to produce more than 5,000 megawatts of electricity, more than doubling Ethiopia's current output.

Only one of 13 turbines is currently operational, with an installed capacity of 375 megawatts.

A second will come online within a few months, project manager Kifle Horo told AFP, adding that the dam is currently expected to be fully completed in 2024.

The 145-metre (475-foot) high structure straddles the Blue Nile in the Benishangul-Gumuz region of western Ethiopia, near the border with Sudan.

Egypt, which depends on the Nile for about 97 percent of its irrigation and drinking water, sees the dam as an existential threat.

Sudan hopes the project will regulate annual flooding, but fears its own dams could be harmed without agreement on the GERD's operation.

Both have long been pushing for a binding deal over the filling and operation of the massive dam, but African Union-sponsored talks have failed to achieve a breakthrough.

William Davison, senior analyst at the International Crisis Group, said the GERD is seen domestically "as a symbol of Ethiopia resisting external pressure".

"The government has propagated the idea that foreign actors are trying to undermine Ethiopia's sovereignty, so I think this will be cast as showing they are still making progress despite a hostile environment."

Addisu Lashitew of the Brookings Institution in Washington added that the GERD's commissioning was a "rare positive development that can unite a deeply fractured country" after 15 months of brutal conflict with Tigrayan rebels.

"The newly-generated electricity from the GERD could help revive an economy that has been devastated by the combined forces of a deadly war, rising fuel prices and the Covid-19 pandemic," he said.

- Project delays -

The dam was initiated under former prime minister Meles Zenawi, the Tigrayan leader who ruled Ethiopia for more than two decades until his death in 2012.

Civil servants contributed one month's salary towards the project in the year of the project launch, and the government has since issued dam bonds targeting Ethiopians at home and abroad.

But officials on Sunday credited Abiy with reviving the dam after what they claim was mismanagement delayed its progress.

"Our country has lost so much because the dam was delayed, especially financially," project manager Kifle said at the launch ceremony.

The process of filling the GERD's vast reservoir began in 2020, with Ethiopia announcing in July of that year it had hit its target of 4.9 billion cubic metres.

The reservoir’s total capacity is 74 billion cubic metres, and the target for 2021 was to add 13.5 billion.

Last July Ethiopia said it had hit that target, meaning there was enough water to begin producing energy, although some experts had cast doubt on the claims.

Kifle declined to reveal how much water was collected last year or what the target is for the coming rainy season.

(Y.Yildiz--BBZ)