Ethiopia is a poor country, often known best for its past famines, but officials say the dam will be paid for without foreign assistance — a point of national pride. ... So there is a conviction on the part of the public to change this, to regain our lost greatness, to divorce ourselves from the status quo of poverty. And the first thing that we need to do is make use of our natural resources, like water. ... But in the long term, the investment is likely to pay off well,” Mr. Moller added, noting that Ethiopia’s plan to sell excess energy to neighboring counties could bring in about $1 billion in annual export revenue starting in 2021, four years after the dam is scheduled to be completed.
Posted on: Mon, 13 Oct 2014 08:44:32 +0000
Trending Topics
Recently Viewed Topics
© 2015