Senate wants suspension of planned concession of Zungeru hydroelectric  plant


water resource bill
water resource bill

Senate has urged National Council on Privatization and the Bureau of Public Enterprises(BPE) to suspend the planned concession of 700 Mega Watts(MW) Zungeru hydroelectric power plant in Niger.

This followed the adoption of a motion by Sen. Gabriel Susuwam (PDP-Benue) and Sen.Abdullahi Yahaya(PDP-Kebbi) at Wednesday’s plenary.

Presenting the motion, tagged “the need for Senate intervention in the ongoing bid to concession Zungeru hydroelectric power plant in Niger, Abubakar said the plant was the second largest hydroelectric plant in Niger, after Kanji Hydro power station.
He said the contract was originally awarded in 2013 in the sum of 1.3 billion dollars.

He said apart from the huge loan secured by Federal Government from Exim Bank to fund the construction, the National Assembly has since the commencement of construction work on the plant approved billions of naira annually.

According to him, over N43billion was allocated to the project in the 2022 budget and…

Source: Vanguard Newspaper