Ethiopian Electric Power (EEP) announced 79 percent of the construction of Genale Dawa 3 hydropower project is completed.
Misikir Negash, Foreign Relations Director at EEP, said EEP is exerting effort to complete the 254 MW hydropower project as per schedule.
The government of Ethiopia and Exim bank of China has extended USD 451 million for the construction of the project.
Currently, Ethiopia has 2,421 MW electric power generating capacity and plans to generate 17,000 MW in the coming five years.
Ethiopia has the potential to generate 50,000 MW from hydropower, 1.3 MW from wind and over 10,000 MW from Geothermal energy.