Egypt has in principle approved the Renaissance Dam that Ethiopia
intends to build on its borders with Sudan this year, according to an
official source.
The source added that Prime Minister Essam Sharf and his Ethiopian
counterpart have agreed that an Egyptian technical committee examine the
blueprints of the dam, so as to determine whether it would adversely
affect Egypt’s Nile water quota, and that Egypt might participate in the
construction of the dam, which is expected to cost around US$4.7
billion.
An agreement has also been reached by which Egypt and Sudan will buy
electricity from Ethiopia’s power station in Mendaya, which has the
capacity to provide 1200 megawatts to Sudan and another 2000 to Egypt. A
related agreement allows for Egypt to import a large number of
Ethiopian livestock.
“More than 30 Egyptian companies have already asked to import meat
from Ethiopia due to its high quality and low price,” said Ayman Eissa,
head of the Egyptian-Ethiopian Business Council.
He added that Egypt aims to link its economic development to that of
Ethiopia, in order to avoid unilateral projects that would harm the
interest of either countries.
http://www.egyptindependent.com
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