Course Notes – GEP: Big Dams!

China’s Three Gorges Dam may be a huge mistake, reports Business Insider. Criticisms of the project are by no means new, but the most recent statements that 100,000 people may still need to be moved in response to landslide risks around the dam have brought its downsides back into focus.

Meanwhile, China continues to be involved in major dam projects around the world. One such project is the Grand Ethiopian Renaissance Dam, a project which is creating major conflict between Ethiopia and Egypt. The Economist recently called it the “jewel” of Ethiopia’s hydropower strategy, expected to generate 5250MW of energy when finished increasing electricity production in Ethiopia fivefold. This is more than twice Ghana’s current electricity production from hydropower. Here is Egypt’s Minister of Water, Mohamed Nasr El Din Allam, interviewed just recently:

In short, it would lead to political, economic and social instability. Millions of people would go hungry. There would be water shortages everywhere. It’s huge (The National).

While Ethiopia is funding much of the project by issuing its own bonds, approximately $1.8 billion in turbines and electrical equipment are reportedly being financed by Chinese banks (The Economist).
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