https://newsletter.en.creamermedia.com
Africa|Construction|Contractor|Engineering|Flow|Power|PROJECT|Projects|Water|Flow
Africa|Construction|Contractor|Engineering|Flow|Power|PROJECT|Projects|Water|Flow
africa|construction|contractor|engineering|flow-company|power|project|projects|water|flow-industry-term

Ethiopia probes alleged dam misspending that slowed construction

23rd October 2019

By: Bloomberg

  

Font size: - +

Ethiopian authorities are probing missing funds a military contractor already accused of graft was meant to spend on a showpiece dam on a Nile tributary that’s raised tensions with Egypt.

Military-linked Metals & Engineering Corp, which was replaced as a contractor on the Grand Ethiopian Renaissance Dam in August 2018, said it could only account for spending of nine-billion birr ($305-million) of the 16-billion birr it received from a State-owned power company for mechanical and structural works. Work on the project on the Blue Nile is running about five years late, with Ethiopia planning to finish it in 2023.

The money may have been used for some “administrative” or other purpose, Metec’s director-general, Ahmed Hamza, said of the unaccounted for funds in an interview in the capital, Addis Ababa. Ethiopia’s auditor-general, Gemechu Dubiso, said the transfers from Ethiopian Electric Power Corp are being investigated.

Metec, which had played a crucial role in projects to develop Africa’s fastest-growing economy, has been roiled by corruption allegations over the past year and its leadership has been comprehensively changed.

The GERD, which is set to be the continent’s largest power plant, is currently 68.5% complete, according to project engineer Kifle Horo. The civil part of construction by Italy’s Salini Impregilo has overtaken work international contractors are doing after Metec’s replacement.

Tensions over the dam have flared in recent weeks, as Egypt has accused Ethiopia of dismissing its concerns over the timescale for filling the project’s reservoir -- a key issue in sustaining a reliable Nile flow to Egypt -- and called for an external mediator in talks.

Ethiopia proposes filling the reservoir in between four and seven years, according to Gideon Asfaw, water ministry adviser and Ethiopia’s head of negotiations on the dam with Egypt and Sudan until earlier this year.

Edited by Bloomberg

Comments

Showroom

Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 
Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (08/11/2024)
8th November 2024 By: Martin Creamer
Magazine round up | 08 November 2024
Magazine round up | 08 November 2024
8th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.093 0.195s - 209pq - 2rq
Subscribe Now