Ethiopia Handles Neighbors' Water Concerns, Launches Another 2,050 Megawatts of Hydropower

JOHANNESBURG--October 23, 2014--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Ethiopia appears to be nearing an agreement with Egypt and Sudan on water and power use from the $5 billion, 6,000-megawatt (MW) Grand Ethiopian Renaissance Dam project on the Blue Nile. But the planned series of Gibe power projects is catching some negative reaction from Kenyan communities along the shore of Lake Turkana. Within this article: An overview of hydropower development in Ethiopia, including the Grand Ethiopian Renaissance Hydro Power Station and the Gilgel Gibe IV and V hydropower dams. Other companies featured: Deutsche Bank AG (NYSE:DB), JPMorgan Chase & Company (NYSE:JPM)