Sunday, January 19, 2020

Business / DT 8 / 2011

Ethiopia’s hydro ambitions leave Norwegian aid project in shambles

Prime Minister Meles Zenawi of Ethiopia surprised the world in late March when he launched an enormous new hydropower project, the Renaissance Dam. Norway, which had been financing studies of two dams upstream on the Blue Nile, was caught off guard. One of the projects will be flooded by the Renaissance Dam.

Danish firms to benefit from mixed credit contracts worth DKK 1.8b

Danish aid-financed mixed credit financing reached almost a record level last year, following an all-time low in 2009. Projects worth almost DKK 2 billion were approved in 2010 and will mainly benefit Danish companies if they materialise.

IADB one step closer to supporting Amaila Falls Dam

The Inter-American Development Bank (IADB) has moved one step closer to giving support to the 165-megawatt Amaila Falls hydroelectric project in Guyana, a cornerstone in the country’s Low Carbon Development Strategy.

Renaissance vs Border

The Renaissance Dam is an upgrade of the Border Dam, a project originally studied under the auspices of the Nile Basin Initiative.