An Interview of Melaku Bedada from the Embassy of Ethiopia in D.C. with Tsehaye Debalkew of Selam Radio
Tsehaye Debalikew of Selam Radio Interviewed Minister Counselor Melaku Bedada from the Embassy of Ethiopia in D.C on Feb 20- 2013. Mr. Bedada explains how and where any Ethiopian can buy bond for the Ethiopian Grand Renaissance Dam.
Mr. Badada answers key questions like:
1) Who is qualified to buy the bond?
2) When does the bod mature?
3) What is the interest rate of the bond?
4) How do I buy the bond?
5) How secure is my purchase?
6) Is the bond transferable to others?
7) Can I use the bod as collateral to borrow some money from Ethiopian banks?
And many more questions are answered.
Here is the interview – click to play:
Background of The Ethiopian Grand Renaissance Dam
Ethiopian Grand Renaissance Dam is one of the largest dams in the world and the largest in Africa. When it is completed the Ethiopian Grand Renaissance Dam will have the largest man made lake in Ethiopia twice the size of the Lke Tana at the source of the Blue Nile Reiver. The Ethiopian Grand Renaissance dam being constructed in Guba Woreda of Benishangul Gumuz State will have a capacity to generate 6000 MW of electric power.
Andrew Carlson last week wrote for the Orgines
Although late to mega-dam building, Ethiopia is now making up for lost time. One of the tallest dams in the world was completed in 2009 on the Tekeze River in northern Ethiopia. Three major dams on the Omo and Gibe Rivers in southern Ethiopia are either completed or nearly so.
The biggest of Ethiopia’s water projects, the Grand Renaissance Dam, will have a reservoir holding 74 billion cubic meters of water—twice the water held in Lake Tana, Ethiopia’s largest lake—and is expected to generate 6000 megawatts of electricity.
Ethiopians hope these water projects—which extend to 2035 with other Nile tributaries and river systems—will lift their country out of poverty. Similar large dams have produced economic miracles in the United States, Canada, China, Turkey, India, Brazil, and, of course, Egypt.