The Federal Government yesterday said it has signed $5.72 billion for the construction of the 40-year-old Mambilla Hydro project. Giving a progress report on his third year in office as Minister of Power, Works and Housing in Abuja, Babatunde Raji Fashola, said the Federal Executive Council (FEC) has already approved the amount which would be raised as loan from the Chinese Government.
He explained that the Federal Government would put down 15 percent of the cost of the project as counterpart funding, promising that the project would take off this year. Fashola also said that the Muhammadu Buhari administration has increased power generation from 4000 MW to 7000 MW; transmission from 5000 MW to 7000 MW and distribution from 2,690 MW to 5,222MW.
“We are still delivering additional generation from Kaduna 215MW, Afam IV 240 MW, Kashimbilla 40MW, Gurara 30 MW, Dadinkowa 29 MW; Power for nine universities, 15 markets and two big hydro power plants of 700 MW in Zungeru and 3,050 MW in Mambilla,” he said, adding that the government also delivered additional transmission from 90 projects nationwide with Apo, Mayo Belwa, Damaturu, Maiduguri, Odogunyan and Ejigbo.
The Minister said that the government was in the process of delivering additional distribution through over 100 injection substations and distribution expansion programme to be funded by the Federal Government now in an advanced state of procurement.
Source: The Sun