Where do we stand on Gibe III Dam?
10 June, 2009 | By Tsegaye Mulushoa I. INTRODUCTION Once again the lobbying power of the likes of Egypt (the so called “Environmentalists”) has been proved to be of far superior. The second biggest aid receiver of the United States, next to Israel, for making peace with Israel and maintaining this status qua along with its effort to soften the fiery stand of few Arab countries’ logged against the very existence of Israel as a nation, Egypt can pull any strings at any time and still win over the flow of Nile and the Water Policy of Ethiopia, thanks to the poverty stricken, donor-dependent and financially starved Ethiopia. As it stands now, a handful Environmentalists can do the same. The Environmentalists lobbied European Investment Bank (EIB) to withdraw funding from Ethiopia’s dam, and sure enough, they got what they wanted. Financing from the EIB for Gibe III has been stopped. Why? The Bank said it has decided to pull back its Euro 1.55 billion hydropower dam funding …following the c
