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Tag "Mambilla"

Hope for Mambilla project as Sunrise Power waives $500m penalty for Nigeria

    Hope for Mambilla project as Sunrise Power waives $500m penalty for Nigeria

Sunrise Power Transmission Company of Nigeria Ltd (SPTCL) has agreed to waive the $500 million penalty fee incurred by the federal government over multiple defaults of a $200 million settlement

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Mambilla: After rejecting cheaper option, FG agrees to pay Sunrise Power $200m

    Mambilla: After rejecting cheaper option, FG agrees to pay Sunrise Power $200m

The federal government has directed the Nigeria Sovereign Investment Authority (NSIA) to source for $200 million as compensation package for Sunrise Power Transmission Company of Nigeria Ltd (SPTCL) over the

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Mambilla: Sunrise Power files fresh $400m compensation claim against Nigeria

    Mambilla: Sunrise Power files fresh $400m compensation claim against Nigeria

Sunrise Power Transmission Company of Nigeria Ltd (SPTCL) has filed a fresh $400 million lawsuit at the ICC International Court of Arbitration, Paris, France, against the Federal Government of Nigeria

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‘Mambilla won’t see light of the day’ — Taraba senator laments lack of funding for power project

    ‘Mambilla won’t see light of the day’ — Taraba senator laments lack of funding for power project

Shaibu Lau, senator representing Taraba north, says the current realities of the 3,050-megawatts (MW) Mambilla hydropower plant shows that the project will not see the light of the day. The

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Garba Shehu: Mambilla power project won’t benefit from $311m Abacha Loot

  Garba Shehu: Mambilla power project won’t benefit from $311m Abacha Loot

Garba Shehu, senior special assistant to the president on media and publicity, says Mambilla power plant is not included in

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EXCLUSIVE: With COVID-19 pandemic, Nigeria seeks to review Sunrise $200m settlement

  EXCLUSIVE: With COVID-19 pandemic, Nigeria seeks to review Sunrise $200m settlement

Abubakar Malami, attorney-general of the federation, has written Leno Adesanya, chairman of Sunrise Power Transmission Company of Nigeria Ltd (SPTCL), to

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EXCLUSIVE: FG to pay Sunrise Power $200m ‘compensation’ to end Mambilla dispute

  EXCLUSIVE: FG to pay Sunrise Power $200m ‘compensation’ to end Mambilla dispute

The federal government has agreed to pay $200 million to Sunrise Power and Transmission Company Limited (SPTCL) as final settlement

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China: We won’t fund Mambilla power until Nigeria settles legal dispute

  China: We won’t fund Mambilla power until Nigeria settles legal dispute

The Chinese government has asked Nigeria to settle the legal dispute over the $5.8 billion Mambilla power failing which it

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Nigeria risks another $2.3bn fine in France — after P&ID’s $9.6bn

  Nigeria risks another $2.3bn fine in France — after P&ID’s $9.6bn

As the country continues to battle with the $9.6 billion award in favour of P&ID, another possible $2.3 billion fine

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Buhari seeks China’s support on Mambilla power project

  Buhari seeks China’s support on Mambilla power project

President Muhammadu Buhari on Wednesday sought support from the Chinese government for the speedy completion of the Mambilla power project

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