Salini Impregilo signs deal for €2.5bn Ethiopian damStaff writer ▼ | May 25, 2016
Salini Impregilo, an Italian industrial group, will build a new hydroelectric plant in the Koysha area.
Construction The new megaproject is worth €2.5 billion
The hydroelectric plant will annually produce 6,460 GWh.
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 country has been rapidly growing for many years now, and will soon become the driving force of the African continent. The large infrastructure projects that have characterized the past few years do not only sustain growth, but also contribute to achieving the goal of transforming Ethiopia into Africa's energy hub.
As of today, Ethiopia exports energy in Kenya, Sudan and Djibouti, its closest countries. The authorities do not exclude reaching markets like Europe and the Middle East in view of the potential of the hydroelectric plants being built. ■