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Nigeria Announces $5.8 Billion Deal For Record-breaking Power Project - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsNigeria Announces $5.8 Billion Deal For Record-breaking Power Project (986 Views)

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Nigeria Announces $5.8 Billion Deal For Record-breaking Power Project by Aldebaran(op):
(CNN)
The government of Nigeria has announced the award of a $5.8 billion contract to build what will be the largest power plant in the country.

The 3,050-megawatt Mambila hydroelectric power project in the state of Taraba will be delivered by a consortium of Chinese state-owned construction firms.

The megaproject will feature four dams between 50 and 150 meters tall, and take six years to complete, the Minister of Power, Works and Housing, Babatunde Fashola, told reporters in Abuja.

The Chinese Export-Import Bank will finance 85% of the development, with the Nigerian government contributing 15%.

Minister Fashola claimed the project will deliver far-reaching benefits.

"(Mambila) will have a transformational effect on all of Nigeria's socio-economic development," he said through a government spokesman, "It will have considerable positive impact on electricity supply nationwide, productivity, employment, tourism, technology transfer, rural development, irrigation, agriculture and food production."
http://edition.cnn.com/2017/09/14/africa/nigeria-china-hydropower/index.html?sr=fbCNN091417nigeria-china-hydropower1217PMStoryGal
Cc Lalasticlala Mynd44

Re: Nigeria Announces $5.8 Billion Deal For Record-breaking Power Project by Nobody: 8:38pm On Sep 14, 2017
Chinco again
Re: Nigeria Announces $5.8 Billion Deal For Record-breaking Power Project by flowfury(m): 8:55pm On Sep 14, 2017
I pray it actually gets realized and hope its not one of their numerous propagandas.
Re: Nigeria Announces $5.8 Billion Deal For Record-breaking Power Project by richidinho(m): 9:00pm On Sep 14, 2017
Jonathan built 6 power plants without making noise, you guys will be bringing this news here everyday

Mttcheeew...start work already, that was how this govt presented the highest budget in the history of Nigeria but yet to complete a 10km road anywhere
Re: Nigeria Announces $5.8 Billion Deal For Record-breaking Power Project by Mekanus(m): 9:03pm On Sep 14, 2017
Story Story
Re: Nigeria Announces $5.8 Billion Deal For Record-breaking Power Project by LilSmith55(m): 9:10pm On Sep 14, 2017
Made by China
Re: Nigeria Announces $5.8 Billion Deal For Record-breaking Power Project by ritababe(f): 9:21pm On Sep 14, 2017
flowfury:
I pray it actually gets realized and hope its not one of their numerous propagandas.
that's my prayer too
Re: Nigeria Announces $5.8 Billion Deal For Record-breaking Power Project by flowfury(m): 9:25pm On Sep 14, 2017
ritababe:
that's my prayer too
sup bro?
Modified
Mynd44 Cc lalasticlala, don't you guys think this is Frontpage material?
Re: Nigeria Announces $5.8 Billion Deal For Record-breaking Power Project by bishopkay: 9:46pm On Sep 14, 2017
They've started again abi? Obasanjo spent 16 billion dollars to sustain barely 3000 megawatts; whereas Brazil spent 12b dollars to produce over 12000 megawatts.

Who's fooling who? Rubbish!!
Re: Nigeria Announces $5.8 Billion Deal For Record-breaking Power Project by LoveMachine(m): 10:19pm On Sep 14, 2017
bishopkay:
They've started again abi? Obasanjo spent 16 billion dollars to sustain barely 3000 megawatts; whereas Brazil spent 12b dollars to produce over 12000 megawatts.

Who's fooling who? Rubbish!!
Imagine 16000 megawatts!
Re: Nigeria Announces $5.8 Billion Deal For Record-breaking Power Project by Nationalman: 1:12am On Sep 15, 2017
richidinho:
Jonathan built 6 power plants without making noise, you guys will be bringing this news here everyday

Mttcheeew...start work already, that was how this govt presented the highest budget in the history of Nigeria but yet to complete a 10km road anywhere
dont say what you dont know.how has the so called power plant built by jonah impacted us all.mind you they were all inherited and most where in final stages of completion when he became president.They built Gas power plant while forgetting to put in place gas supply infrastructure for powering the plants in-place. Imaging Nigeria having over 8+ plants already built and completed without gas pipelines leading to the place
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