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Oil report

Ethiopia says GERD dam will begin generating power in next 12 months

ADDIS ABABA, Oct 5 (Reuters) - Ethiopia’s giant new hydropower dam on the Blue Nile will begin generating power in the next 12 months, the country’s president said on Monday.

“This year will be a year where the Grand Ethiopian Renaissance Dam will start generating power with the two turbines,” Sahle-Work Zewde said in a speech to parliament.

Ethiopia is locked in a dispute with Egypt and Sudan over its $4 billion Grand Ethiopian Renaissance Dam, which Cairo has said could threaten its main supply of water. (Reporting by Dawit Endeshaw Writing by Maggie Fick Editing by Hugh Lawson)

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