ADDIS ABABA, Ethiopia, Sept. 23 (UPI) — The Ethiopian Electric Power Corporation has signed contracts with three Chinese companies for renewable energy projects.
The agreement will underwrite the building of the Genale Dawa-3 and Chemoga yeda hydroelectric cascades and the Mesobo Harena and Adama wind projects.
The Ethiopian News Agency reported Tuesday that EEPCo concluded a $408 million agreement with China Gezhouba Group Company for building the 254 megawatt Genale Dawa 3 hydroelectric facility in southern Ethiopia. CGGC representative, chief engineer Wang Chenli, said construction of the dam will take four years to complete.
A second EEPCo $555 million contract with Sinohydro Corporation provides for the construction of Chemoga Yeda hydroelectric facility in northwestern Ethiopia and includes construction of dams on five rivers.
EEPCo also signed a preliminary agreement with HYDROCHINA Company for construction of two 51 megawatt wind power projects in Adama and Mesobo Harena. The EXIM Bank of China is providing financing for the projects.
Copyright 2009 by United Press International