Page 5 - Song Yuan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy. 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 Mambila power project in Taraba State. The settlement deal signed on January 21, 2020, was sealed by Minster of Power, Sale Mamman, and Attorney-General of the Federation, Abubakar Malami. The 3,050-megawatt (Mw) facility will be the second largest hydropower plant in Africa if completed, but has suffered severe delays since construction began almost 40 years ago. In 2017, Sunrise Power, which claimed to have been awarded the build, operate and transfer (BoT) contract in 2003, dragged the Federal Government and its Chinese partners before the International Chamber of Commerce (ICC) in Paris, France, over alleged breach of contract.

France generalSong yuanTaraba stateFederal republic of nigeriaAbubakar malamiPeng sheyinLeno adesanyaTransmission company limitedInternational courtTransmission companyArbitration of the international chamberInternational chamberSinohydro corporation ltdSinohydro corporationFederal governmentSunrise power