Home Energy China partners FG on $5bn Mambilla hydro plant

China partners FG on $5bn Mambilla hydro plant

The $5bn Mambilla 3,050 megawatts hydro power plant in Taraba State, is set to be financed by the Federal Government and China Exim bank.
The Minister of State for Power, Mr. Mohammed Wakil, explained that the project had yet to commence as planned as a result of litigation by the host community which had delayed the full commencement of the power plant.
The minister said the litigations “tampered with our timetable otherwise the project would have gone far beyond its present state. But even at that, the key things needed for the ground breaking are set.”
Wakil noted that the project’s approval by the President was in order to uplift the North-East by boosting power supply and infrastructural development in the region, which had been ravaged by the devastating activities of insurgents.
Senior officials from the ministries of finance and power have concluded arrangements to visit China to finalise all necessary transactions needed for the commencement of the project.
The power plant is to cost about $5bn and to be largely financed by the Chinese financial institution.

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