The Great Ethiopian Renaissance Dam (GERD), Africa’s largest hydroelectric project and a symbol of Ethiopia’s development and unity, has been completed after 14 years of construction and is set for inauguration on September 9, 2025.
Officials confirm that over 91% of the project’s total financing—approximately 223 billion birr—was provided through loans from the Commercial Bank of Ethiopia (CBE). The remaining 9%, about 23.8 billion birr, came directly from the Ethiopian people through bond sales and gifts.
Moges Mekonnen, Corporate Communication Director at Ethiopian Electric Power (EEP), described this financing model as unique and a reflection of Ethiopia’s commitment to self-reliance and national sovereignty. “The Great Ethiopian Renaissance Dam demonstrates to the world our strong desire to grow in our own capacity and protect our national interests without pressure,” Moges said.
The total project cost surpassed 233 billion birr and was fully covered by domestic sources, without reliance on foreign loans. Citizens contributed not only financially but also through mental, diplomatic, and physical efforts, underscoring national unity behind the landmark project.
Currently, GERD is already feeding 3,400 megawatts of power into the national grid. Once fully operational, it will generate over 5,225 MW or more than 15,670 gigawatt-hours annually, expected to generate more than $1 billion in revenue each year. The dam will significantly boost the economy by powering large industries and modernizing the service sector.
Besides electricity production, the GERD creates an artificial lake stretching 270 kilometers featuring about 70 islands, which have promising potential for tourism development.
The completion and upcoming inauguration of the GERD mark a proud milestone for Ethiopia, symbolizing its resilience and determination to achieve sustainable economic growth on its own terms. Heads of state and dignitaries are expected to attend the inauguration ceremony next week, marking a new era in Ethiopia’s energy and development landscape.
