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The Grand Ethiopian Renaissance Dam (GERD) is estimated to cost close to 5 billion US dollars, about 7% of the 2016 Ethiopian gross national product. [36] The lack of international financing for projects on the Blue Nile River has persistently been attributed to Egypt's campaign to keep control of Nile water sharing. [ 36 ]
Simegnew Bekele Aynalem (Amharic: ስመኘው በቀለ አይናለም; 13 September 1964 – 26 July 2018) was an Ethiopian civil engineer who served as chief project manager of the Grand Ethiopian Renaissance Dam project as well as three other similar dam projects in Ethiopia. [2] He was considered the "public face" of the dam project. [3] [4]
The Gibe II dam has been affected by such problems even after its completion, when a tunnel collapsed and put the hydropower plant out of service for several months. The grand Ethiopian renaissance dam was delayed as well, because of upgrading the power from 5250 watt to 6000 watt, budget problems and dispute with government of Egypt.
The company was assigned development of Grand Ethiopian Renaissance Dam and sugar factory, [4] as well as the Jinka Sugar Bag factory. [5] On 12 November 2018, all assigned project canceled due to fail to complete, and government arrested Kinfe Dagnew, CEO of METEC, after a trial to escape through Sudan , where he was captured by Defence force.
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The event regarded as the beginning of renaissance of Ethiopia, marked by numerous goals and achievements from people and the government. Coinciding the event, the government initiated the project known as the Millennium Dam, later renamed as the Grand Ethiopian Renaissance Dam (GERD), which started its operation in 2011.
In November 2012, Ethiopia began construction of the Grand Ethiopian Renaissance Dam, a 6000-megawatt hydroelectric dam on the river. The dam is expected to be a boost for the Ethiopian economy. Sudan and Egypt, however, voiced their concerns over a potential reduction in water available. [6] Electricity generation began in February 2022. [7]
Hydropower Dams built in Ethiopia provided over 1,500 MW of capacity by 2010. The four largest dams were built between 2004 and 2010. Gilgel Gibe III added 1,870 MW in 2016. The Grand Ethiopia Renaissance Dam (GERD), a key element of the country's energy expansion strategy, is expected to significantly increase the nation's energy capacity ...