Companies to Launch $850 Million Hydroelectric Power ProjectFebruary 6, 2017 - President Mulatu Teshome said his government would provide all the necessary support for investors that engage in power generation, according to FBC. The President made the pledge upon holding discussion with a delegation from Globeleq and Contingent companies at the National Palace today. He assured members of the delegation that Ethiopia would support all investors, including the Globeleq and Contingent British companies, which engage in power generation in the country. He stated that the companies had carried out environmental and social impact assessments for Genale Dawa 6 Hydroelectric Power Project during the past three years. The general counselor revealed that "we are very excited to announce that Globeleq and contingent companies have been able to secure over 850 million US dollars to fully finish both the project with power generation capacity of 250 megawatt and a dam that irrigates up to 27,000 hectares of land in Oromia and Somali regional states.

Source: Ethiopian News February 06, 2017 21:09 UTC