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.

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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.

“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.

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