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This financial challenge prompted Ethiopia to shift its focus from Western finance sources. China has agreed to provide the loan (500 million dollars) on a long term basis. The agreement reached between Ethiopia and China will see the former offer Gibe’s electro and hydro mechanical works to China. Read more...
Tuesday, July 20, 2010
Ethiopia lands Chinese loan approval for mega Gilgel Gibe III hydro-power project
This financial challenge prompted Ethiopia to shift its focus from Western finance sources. China has agreed to provide the loan (500 million dollars) on a long term basis. The agreement reached between Ethiopia and China will see the former offer Gibe’s electro and hydro mechanical works to China. Read more...
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