FG Signs $5.8bn Contract for Mambilla Hydro Power Project
The federal government has signed the contract for the Mambilla hydropower project.
The project was first designed 40 years ago and is expected to add 3,050 megawatts of power to the national grid.
The Federal Executive Council had approved the award of the contract on August 30 to Messrs China Gezhouba Corporation, Sinohydro Corporation Limited and CGOC Group Limited.
While signing the contract in Abuja, Minister of Power, Babatunde Fashola, said the project is a new dawn in the country’s power diversity and energy needs.
“The project will give us an opportunity for compliance with Paris climate change agreement because it will be delivering renewable energy while it will also give us the opportunity to unlock the gift of nature to Nigeria in Taraba,” Fashola said.
“I will like to start by…
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