Business & Finance

3050 MW Mambilla Power Plant Readies for Take-Off

Mambilla Power Plant

All is set for the take-off of the 3050 MW Mambilla hydro-power project at Gembu in Taraba State, Daily Trust reports.

Forty Chinese engineers have visited the site of the project during the weekend in preparation for the commencement of the project, officials said, adding that the squabbles between two Chinese companies that caused setbacks previously, had been resolved.

A consultant said President Goodluck Jonathan’s administration got a new French consultant who expanded the project’s scope to 3050mw and re-valued the cost at $3.2bn (about N636.9bn) in 2011.

ALSO READ:  Bureau Blames Scarcity Of International Passport Booklet On High Dollar Rate

“The Obasanjo government signed the contract with the Chinese firm in 2007 and if it was followed by now, we would have added 2600mw additional hydropower to the grid,” he said.

Read full report

Make Money Online in Nigeria... Click HERE To Start Now!

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending this week

To Top