Ethiopia is building three hydropower dams at a cost of $1.4 billion and hopes to generate millions of dollars in foreign currency by exporting excess electricity to three neighbouring countries.Sendeku Araya, head of public relations at the state-owned Ethiopian Electric Power Corporation (EEPCO) said: "By 2010, the construction of the Tekeze hydro power dam with a capacity of 300 MW, Geligele Gibe II with a capacity of 420 MW and Belesse hydro power dam with a capacity of 435 MW will be completed.
Ethiopia aims to export its excess electric power to neighbouring Sudan, Djibouti and Kenya and earn millions of dollars".
The cost of the dams is being covered by the Ethiopian government along with loans from the Italian government and the European Investment Bank.
