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Ethiopia - GIBE III - Hydroelectric Project - ESMP Summary
Hydroelectric has been recognized for decades as the single most valuable resource in Ethiopia. The hydroelectric potential of the country has been estimated at some 40,000MW. The existence of large rivers flowing in deeply incised valleys provides very attractive conditions for medium to large scale hydroelectric schemes. However, the country’s climate is such that relatively large reservoirs are required to store the high flows during the pronounced 3 to 4 month high run-off season for release during the remaining drier months. Ethiopia’s 10 year perspective plan recognised the importance of low cost energy towards fulfilling the poverty reduction objective of the government and as an incentive to industrial and economic development. The plan also realised that export sales could provide an attractive long term development opportunity.