Advancement of the Grand Renaissance Dam started in April 2011 after the ETB80bn ($4.7bn) planning, acquisition, and improvement (EPC) contract were conceded to Saline Costruttori.
The Grand Ethiopian Renaissance Dam project is depended upon to be done by July 2017. The people and the Government of Ethiopia are financing the endeavor, which will not simply serve Ethiopia, yet Sudan and Egypt too. The last two countries depend upon the Nile River for their water through 85% of the stream streams in Ethiopia.
The dam’s advancement is depended upon to make up to 12,000 positions. Approximately 20,000 people will be resettled all through the endeavor.
The storehouse and dam will offer huge benefits to Ethiopia, Egypt, and Sudan. Egypt has for a long time held the critical duty regarding water from the Nile River and held Ethiopia back from fostering a dam. Egypt depends upon the Nile for 90% of its water needs.
A three-sided board was outlined in January 2012 to propel arrangement and research the benefits and impacts the endeavor would have on the three countries.
The dam will be good for dealing with a flood of 19,370 cubic meters each second, will diminish alluvium in Sudan by 100 million cubic meters, and moreover work with water arrangement of around 500,000ha of new cultivating grounds. It will moreover diminish around 40km of flooding in Sudan, upon its perfection.
The oversaw stream of water from the Renaissance dam will additionally foster agriculture and the impact from the dispersal of water from the dam will be irrelevantly differentiated and various dams in Ethiopia, which will help in water protection.
Water dissemination from Aswan High Dam, similarly to various dams in Ethiopia, looks at around 19 billion cubic meters. Awesome Ethiopian Renaissance Dam will lessen the restriction of the Aswan High Dam, likewise saving around six billion cubic meters of water.