The Gibe III dam is under construction on the Omo River, approximately 300km southwest of Addis Ababa. It is the third in a series of cascading hydroelectric projects in the region.The first, the Gilgel Gibe dam (also called Gibe I), was completed north of the Gibe III dam site in 2004. The Gibe II project is a power plant associated with the Gibe I dam that is still under construction. The new Gibe III dam is expected to produce 6500 GWh of energy a year, and surplus energy is expected to create 300 million euros (£282m; $407m) in revenue, according to the Ethiopian Electric Power Corporation (EEPCo), the sole provider of power in Ethiopia. Ethiopia's neighbours, such as Djibouti, Yemen, Kenya, Uganda, Sudan and Egypt, would all be in a position to purchase the excess energy.
