President Muhammadu Buhari Recently approved $5.792 billion (about N1.140 trillion) for the construction of the 3,050 megawatts Mambilla Hydro-Power project at Gembu in Taraba.
The Minister of Power, Works and Housing, Babatunde Fashola, disclosed this while addressing State House correspondents during their last FEC Meeting Last week. He said:
“The memorandum from the Ministry of Power, Works and Housing was to the award of the Mambilla Hydro-Power plant. I believe that many of you have heard of this project.
“Nigeria started talking about it since 1972; that is about 45 years ago.
“Several efforts had been made to bring it to reality but I’m happy to announce that this government approved the contract today to joint ventures of Chinese Civil and Engineering company for the engineering and turn-key contract, including civil and electro-mechanical works for $5.792 billion.
“The construction should take about 72 months (6 years),” he said.
According to him, the scope of works of the project will include the construction of four dams and 700 kilometres of transmission lines.
The minister said the project, when completed, would boost the nation’s economy as it would unleash the potential that had been reported about Mambilla in the fields of agriculture, tourism and energy.
“It will also help Nigeria strike a very big blow on the climate change issue and fulfil its commitment under the Paris Agreement, because this is going to be renewable energy, coming also at a relatively competitive cost.
Mr. Fashola said the project would be jointly financed by the federal government and the China Export Import, EXIM, Bank. EXIM bank will provide 85 per cent of the cost while the federal government would provide 15 per cent.
Here are Some Questions and Answers that you need to know about the Nigeria Federal Government “Mambilla Power Project” , check FAQ’s below.
1. When was final approval given for the Hydro Electric Power Project?
In August 2017, the Federal Executive Council (FEC) approved the award of the contract for the engineering, procurement and construction of the Mambila Hydro Electric Power Project.
2. How many Megawatts is the power plant?
The power plant is expected to be 3050 MW. This 3050MW project will be the biggest single power project in Nigeria.
3. How was the project revived, after decades of being stalled?
The major breakthrough in the execution of this project was achieved when President Muhammadu Buhari initiated discussions at the level of the President of the Peoples Republic of China, in the course of his State Visit in April, 2016.
4. Which companies have been awarded with the contract?
The project was awarded to a consortium of three Chinese Companies — CGCC, SINOHYDRO and CGCOC. Messrs CGCC-SINOHYDRO-CGOCC Joint Venture was formed to accomplish this landmark project.
5. How much does is the project expected to cost?
The landmark infrastructure project will cost Nigeria the sum of US 5,792,497,062.00, inclusive of taxes, environment utilization, works, as well as project land acquisition and compensation to workers.
6. How many people will be affected by this project?
About 100,000 people will be need to be resettled. The construction cost includes compensation for these people.
My question is How long will this Mambilla Dam Project continue to linger, after so many years?Could this be the last time? Please do leave your coomments below…