Chemoga Yeda 260MW hydroelectric power plant

3/5/2015
Project development

$ 500 million

Announced

3/5/2015


Overview:

  • Chemoga Yeda 260MW hydroelectric power plant.
  • The Ethiopian government and Ethiopian Electric Power Corporation (EEPCo) is seeking developers and financing for a new hydroelectric power project at Chemoga Yeda on a tributary of the Blue Nile.
  • Sinohydro had been the original developer of the project, which was supposed to be completed by 2015, however this arrangement was later cancelled.
  • Posco Engineering & Contracting and Shikun & Binui Group are believed to have expressed interest in developing the project.
  • The project is part of a wider plan to increase the country's renewable energy generation capacity.

Sam Duke - Editor

Jurisdiction:

Ethiopia

Deal type:

Project development

Practice area:

Project development

Industry sector:

Energy


Firm:

Party: Government of Ethiopia (Grantor)

Party: Ethiopian Electric Power Corporation (EEPCo) (Grantor)