NewsExpress advert FCMB banner
FG set to kick-start $5.79b Mambilla Hydro-Power project, seals deal with Chinese consortium

By Ismaila Chafe on 31/08/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,349

•Power, Works and Housing Minister, Babatunde Fashola
•Power, Works and Housing Minister, Babatunde Fashola

The Federal Executive Council (FEC), presided over by President Muhammadu Buhari, today approved $5.792 billion (about N1.140 trillion) for the construction of the Mambilla Hydro-Power project at Gembu in Taraba.

It will generate 3,050 megawatts.

The Minister of Power, Works and Housing, Mr Babatunde Fashola, disclosed this while addressing State House correspondents on the outcome of the Council’s meeting.

“The memorandum from the Ministry of Power, Works and Housing was to the award of the Mambilla Hydro-Power plant. I believe that many of you have heard of this project.

“Nigeria started talking about it since 1972; that is about 45 years ago.

“Several efforts had been made to bring it to reality but I’m happy to announce that this government approved the contract today to joint ventures of Chinese Civil and Engineering company for the engineering and turn-key contract, including civil and electro-mechanical works for 5.792 billion dollars.

“The construction should take about 72 months (6 years),” he said.

According to him, the scope of works of the project will include the construction of four dams and 700 kilometres of transmission lines.

The minister said the project, when completed, would boost the nation’s economy as it would unleash the potential that had been reported about Mambilla in the fields of agriculture, tourism and energy.

“It will also help Nigeria strike a very big blow on the climate change issue and fulfill its commitment under the Paris Agreement, because this is going to be renewable energy, coming also at a relatively competitive cost.

Fashola said the project would be jointly financed by the Federal Government and the China Export Import (EXIM) Bank.

EXIM bank will provide 85 per cent of the cost while the Federal Government would provide 15 percent. (NAN)

Source News Express

Posted 31/08/2017 05:34:32 AM


Share on facebook Yahoo mail icon Gmail icon Share on Google+



REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...


You may also like...
Red alert in South East states over insecurity...

Sani-Bello resumes LG tour, assures Nigerlites of even...

Senate makes U-turn, to consider Buhari’s nominees

Meningitis: UNICEF places Ekiti under surveillance

Igbo Union plans database of members in South...

Ogun APC crisis worsens, Osoba and Amosun’s deputy...

Olubadan distances self from coronation of High Chiefs...

UNN, Niger Delta students emerge top winners of...

Traditional ruler, son, arraigned for alleged murder of...

Akwa Ibom workers dismiss reports on non-payment of...

Rights group tasks NBA to safeguard independence, integrity...

FAAN suspends cargo flights to Lagos Airport


Latest News Notorious gunrunner, other suspected crime chiefs fall into DSS net Buhari should have fired IGP Ibrahim Idris — Retired Army Colonel Putin coasts to victory, seals another six-year term as Russian President Troops nab 12 violent herdsmen in Benue Bank customers reduce despite CBN’s campaign for financial inclusion Soyinka, Nwabuaze, Clark, Ezekwesili to address Grand National Summit in Abuja Hope, apprehension as UTME winds down Biafra: Adhere to Ohanaeze’s advice, BSO tells IPOB Konga appoints corporate guru Ijogun as Chairman Cabal collecting our late father’s salary in Kogi State: Children of deceased Director Police cautions Lagosians against unauthorised protest Fidelity Bank promotes financial literacy to 3,500 students in 31 schools across Nigeria


Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (332,239 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (324,865 views) Shameless Genevieve Nnaji exposes breasts in public (260,644 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (214,213 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (197,897 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (192,257 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (167,540 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (150,301 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (143,062 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (133,093 views) Lagos plane crash: Journalist releases victims’ names (132,499 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (125,781 views)


Categories Advertorials (3) African Press Organisation (81) Art & Literature (34) Business & Economy (2,971) Business Verdict (36) Columnists (814) Complaints & Requests (94) Enterprise & Opportunities (206) Entertainment (455) Features (552) Global Business Monitor (238) International (1,855) Interview (146) Live Commentary (28) Love Matters (114) News (33,709) Opinion (895) Pidgin (10) Politics (4,622) Religion (700) Sports (1,457) Stock Watch (28) AMA & Al Jazeera Global Update





Football Highlight -- BARCELONA - CHELSEA 3:0


APO Group Partner




REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera