Over 9 bln birr pledged for GERD


Some 9.2 billion birr has been pledged by the public for the construction of the Grand Ethiopian Renaissance Dam (GERD), according to the National Council for the Coordination of Public Participation on the Construction of the Grand Ethiopian Renaissance Dam.
GERD, with its 6,000MW installed capacity, is one of Ethiopia’s main cascade hydropower projects aimed at exploiting the hydropower potential of the Blue Nile in Ethiopia.
The construction of the dam was launched on April 2, 2011 on the Blue Nile River at Guba in Benishangul Gumuz Regional state, some 750km North West of Addis Ababa.
In an interview held with a special magazine published in connection with the 2nd anniversary of the launching of the construction of the dam, Secretary of the Council, Bereket Simon, said the public has so far pledged to contribute 9.2 billion birr for the dam.
Some 4 billion birr of the 9.2 billion birr pledged for the construction of the dam has been collected, he said.
According to Bereket, consolidated public mobilization forums will be organized in the future to increase the contribution of the public, the pastoral community and the farmers in particular.
The Secretary also urged the public to continue purchasing government bonds as it allows them to develop the culture of saving on top of supporting the development activities of the country.
(Walta Information Center)