Thursday, May 16, 2024
Home HEADLINES FEC approves construction of $5.792b Mambilla power project

FEC approves construction of $5.792b Mambilla power project

-

The Federal Executive Council (FEC) has approved the construction of Mambilla Hydro-Electric Power plant the sum of N5.792 billion dollars.

This was announced during the FEC meeting which was held today at the council chamber in Abuja.

The Minister of Power Babatunde Fashola disclosed that the construction of four damns required would take 72 months.

Nigeria is expected to provide 15percent counterpart funding in the joint venture agreement with China.

However, Mambilla is to deliver 3,050 megawatts but the minister did not disclose when the project would begin.

- Advertisement -
- Advertisement -

Must Read

Ododo’s scandalous first 100 days scorecard

0
Ododo’s scandalous first 100 days scorecard: While it is true that 100 days may not be long enough time to appreciably evaluate...