Ethiopia Sees Output at Africa’s Biggest Power Plant by 2015
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Ethiopia will begin generating electricity within 18 months from what will be Africa’s largest power plant, the government said.
The sale of 7.1 billion birr ($367 million) of bonds over the past three years to domestic investors, has contributed to the 27 billion birr spent so far on the 75.5 billion birr Grand Ethiopian Renaissance Dam hydropower project, said Zadig Abraha, deputy general director of the GERD national coordination office. The central bank in April 2011 ordered banks to buy government bonds equivalent to 27 percent of their loans to help fund infrastructure projects.