FG Signs $5.8bn Con­tract for Mam­billa Hy­dro Power Project

THISDAY - - NEWS -

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 ex­press­ing our grat­i­tude to Mr. Pres­i­dent, the lead­er­ship that he has shown for re­viv­ing the project that has stalled, that has stum­bled but now back on track af­ter 40 years.”

He said the project would at­tract eco­nomic boom to Taraba state and open op­por­tu­ni­ties for “agri­cul­ture, en­ergy, con­struc­tion, de­vel­op­ment”.

The min­is­ter added: “You only need to see the num­ber of ap­pli­ca­tions we have al­ready re­ceived from peo­ple who want to part­ner and par­tic­i­pate in the var­i­ous ar­eas in­clud­ing in­sur­ance who are al­ready queu­ing up.” The con­struc­tion is ex­pected to last for six years.

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