Thursday, January 27, 2022
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Tag "Sunrise Power and Transmission Company Limited (SPTCL)"

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 of the dispute over the Mambilla power project in Taraba

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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 would not provide the funds for the project. In 2006,

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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 in arbitration is hanging over the country in France as

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‘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

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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

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