13 August 2002 – China National Water Resources & Hydropower Engineering Corp. has begun construction of a $224m hydroelectric power project in Ethiopia, state media reported.
The Chinese company that helped build the massive Three Gorges Dam was chosen for Africa’s largest hydroelectric project, a dam on a Nile tributary in Ethiopia, ahead of bidders from Germany, Italy and Japan.
The company, a state-owned electrical engineering concern, was one of the key builders of the Three Gorges Dam on the Yangtze River in central China, the world’s largest hydroelectric project.
The African dam will be a bow-shaped concrete wall. At 610 feet, it will be 33 feet taller than the Chinese dam, but will have less electrical generating capacity.
China is encouraging its state-owned firms to internationalize their operations in order to more effectively compete following the country’s entry to the World Trade Organization in December.