Rome, Italy -- A critical water-passage tunnel in the newly inaugurated Gilgel Gibe 2 hydropower project in Ethiopia reportedly collapsed this week. 

With a price tag of EUR 374 million and a capacity of 420 megawatts, Gilgel Gibe 2 is currently Ethiopia’s biggest power plant. The project channels the water discharged from the Gilgel Gibe 1 Dam through a long tunnel and a steep drop directly to the valley of the Omo River.



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Clarification on the European Investment Bank’s role in Ethiopia’s Gibe 3 Dam

A statement issued June 4 by the European Investment Bank contradicts a June 3 announcement made to Friends of Lake Turkana that the Bank had withdrawn its consideration of the Gibe 3 Dam in Ethiopia. The June 4 statement is consistent with the Bank’s efforts to conduct its operations on Gibe 3 and other controversial projects behind smoke and mirrors.

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In response to civil society’s pressure, the EIB announced yesterday its decision to not finance the Gilgel Gibe 3 dam in Ethiopia.

The 240 meters high dam project threatens the food security of up to half a million people, mostly tribal marginalised communities both in Kenya and Ethiopia. Moreover, it would destroy the Omo Valley environment, internationally known and recognised for its great biodiversity.
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Lilian Ikal Angelei of grassroots organization Friends of the Lake Turkana in Kenya speaks about EIB involvement in the Gilgel Gibe III dam in Ethiopia during April's World in Crisis conference in Prague.
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New European Parliament resolution calls on the European Union to tackle capital flight and tax have

New European Parliament resolution calls on the European Union to tackle capital flight and tax havens [eurodad.org, 28th January 2010]

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