Italian construction and civil engineering firm Salini Impregilo has been awarded a US$2.8 billion contract to build the 2,200-MW Koysha hydropower plant in Ethiopia.
The project will be owned by Ethiopian Electric Power (EEP) and is to be located on the Omo River in southern Ethiopia's Koysha region.
The complex will include the construction of a 170-meter high roller-compacted concrete dam that will impound a reservoir with a volume of six billion cubic meters.
Local media sources earlier this month reported that EEP received a large portion of financing for the project from Italy's Servizi Assicuative del Commerce Estero (SAC), which agreed to provide an unspecified amount of funding.
Koysha is one of several major hydroelectric projects being constructed by Ethiopia as part of its effort to become a leader in African energy production. The country is rich with an estimated 45,000 MW worth of hydropower potential, and is looking to become a major exporter of surplus energy with the 1,870-MW Gibe 3 recently put into operation and the 1,450-MW Gibe 4, 660-MW Give 5 and 6,000-MW Grand Ethiopian Renaissance in development.
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