Ethiopia to build another mega hydroelectric plant, Koysha Hydroelectric Dam
Tigrai Online, Ethiopian News, May 25, 2016
Ethiopia to build another mega hydroelectric plant, Koysha Hydroelectric Dam in the Omo valley - project rendering by Salini Impregilo
Ethiopian Electric Power (EEP) and Salini Impregilo, the Italian construction and Civil Engineering Company signed a contract for yet another brand new mega hydroelectric project.
The Koysha Hydroelectric Dam will produce 2,200 MW and is estimated to cost €2.5 billion. The mega project is located in the Omo valley in southern Ethiopia.
Gibe III power plant the largest hydroelectric dam in Ethiopia to date inaugurated last year with 1870 MW and it is fully operational now.
Grand Ethiopian Renaissance Dam-GERD the one of the largest hydroelectric dam in the world is more than 50% completed. The Koysha Dam will be the second largest dam in Ethiopia next to the GERD when completed.
By the time all the mega hydroelectric dams under construction are completed Ethiopia will produce about 17,000 MW of electric power.
Italian export credit agency Servizi Assicuative del Commerce Estero has agreed to provide financing for the construction of 2,000-MW Koysha hydropower plant.
Salini Impregilo the Italian company who built the Gibe III and building the Grand Ethiopian Renaissance Dam is impressed by Ethiopia’s total transformation. “This new important project together with GIBE III, which went into operation recently and GERD (the Grand Renaissance Dam) on the Blue Nile will enable Ethiopia to become Africa’s leader in terms of energy production.” The company said on its website about the new project and the economic outlook in Ethiopia.