The Nile Basin Initiative (NBI) has proposed the largest hydroelectric dam which is expected to serve Ethiopia, Sudan and Egypt. The Ethiopian government has plans to establish the dam on the Blue Nile River off Bure town on the road that leads to Nekemt at Bako-Ambo area, located in the Oromia Regional State which is close to Amhara.
World Bank will be funding the proposed dam project on the basis of prior agreement of the three countries involved, however the three countries have not shown their agreement towards this project as to how this dam could be utilized.

Eastern Nile Technical Regional Office based in Addis Ababa had conducted a preliminary visibility study when the dam was proposed by NBI. The building of dam will be undertaken by Ethiopian Electric Power Corporation (EEPCo) while the tenders for design work and feasibility studies of the dam will be the responsibility taken by the Ministry of Water Resources (MoWR).
The dam project will produce a massive 2,100 MW of power once its completed, according to Asfaw Dingamo, minister of Water Resources.
Fortune quoted him saying that the power would be sold off to Sudan and Egypt as all the resources belonged to their country.
Norwegian government has funded this project financially and granted them 414.2 million Br which would be put towards feasibility and design and technical consultancy.
This initiative was started to create a fair use of available resources and properties of Nile Basin amongst the Basin countries.
Recently the government of Ethiopia had done a study and as per their findings they recognized four sites which were good for hydroelectric dams on the Nile River course at Karadobi, regional states of Benishagul Gumuz and Oromia, Mabil , Mandaya and Border which were located in Amhara. Though the country is looking into its consideration and approval based on its previous findings, but a decision has not been taken yet.

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