Tag "Mambilla power project"

    ‘We can’t divert $600m that doesn’t exist’ — Fashola speaks on Mambilla power project

‘We can’t divert $600m that doesn’t exist’ — Fashola speaks on Mambilla power project

Babatunde Fashola, minister of power, works and housing, says the reports that the Mambilla power project has been stalled, due to an attempt to divert funds, is not true.The $5.8 billion project, a 3,050-megawatt hydropower facility, was conceived in 1982.In a statement on Sunday, Hakeem Bello, the minister's spokesperson, said the federal government never awarded a contract for the Mambilla [...]

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    Nigeria risks $2.3bn fine as Mambilla power project faces crisis

Nigeria risks $2.3bn fine as Mambilla power project faces crisis

The federal government is at risk of a $2.3 billion fine in arbitration over an alleged breach of contract for the $5.8 billion Mambilla power project in Taraba state.The project, a 3,050-megawatt hydropower facility, has stalled owing to legal and funding crises after Sunrise Power and Transmission Company Limited (SPTCL), a local content partner, was reportedly sidelined in the project [...]

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January 02, 2019USDGBPEUR
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