
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.
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