ADDIS ABEBA – Finance would not be a challenge in the construction of renaissance dam, said deputy prime minister Demeke Mekonen, in a day state-run fundraising body reported encouraging performance in the first quarter of the 2019/20 FY.
The National Council for the Coordination of Public Participation on the Construction of the dam project has collected over 86 million birr in the quarter 2019/2020 FY according to the national council.
The amount shows a 63 million birr increase from the money raised for the Grand Ethiopian Renaissance Dam (GERD) project in the same period of the previous fiscal year.
Deputy Prime Minister Demeke, who is also Chairperson of the Council, said the challenges that the construction project has so far faced emanates from lack of proper leadership than finance.
“The main challenge of the project has not been a shortage of finance; rather it was lack of proper leadership in the construction,” the deputy Prime Minister said while addressing the regular meeting of the council on Monday.
The government has recently corrected that, he said.
The construction of the five-billion-dollar GERD project of the Dam has jumped to over 68.5 percent, reported the Office of the National Council.
“The dam is progressing in a good way,” said Sileshi Bekele, Ministry of Water, Irrigation and Energy.
The Renaissance Dam was announced in 2011 and is designed to be the centerpiece of Ethiopia’s bid to become Africa’s biggest power exporter, generating more than 6,000 megawatts.
In January, Ethiopia’s water and energy minister said that following construction delays, the dam would start production by the end of 2020 and be fully operational by 2022.
By Mhret G/Kristos