Page 5 - Youths Empowerment News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Youths empowerment. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Youths Empowerment Today - Breaking & Trending Today

Hope rises for Taraba-based $5.8bn Mambilla hydro project


Hope rises for Taraba-based $5.8bn Mambilla hydro project
On
By Obas Esiedesa
WHEN in November 2017, the Federal Government formally signed a $5.8 billion contract for the Mambilla Hydroelectric Power Project in Taraba State, it was seen as a watershed in the long history of the project that was billed to become Nigeria’s largest electricity producer with an installed capacity of 3,050 megawatts.
With the engineering, procurement and construction, EPC, contracts awarded to a consortium of Chinese companies, led by China Gezhouba Group, 85 percent of the financing for the project was to be provided by the China Exim Bank, while the Federal Government was expected to bear 15 percent of the cost. Despite the contracts agreement, work on the project has been delayed following legal issues and other bureaucratic bottlenecks. ....

Kogi State , Taraba State , Jigawa State , Abuja Federal Capital Territory , Nigeria General , Obas Esiedesa , Muhammadu Buhari , China Gezhouba Group , Mambila Project Delivery Committee , Transmission Company Of Nigeria , Mambilla Project Delivery Committee , National Stadium , China Exim Bank , Ministry Of Power , Nigeria Sovereign Investment Authority , Kindly Share This Story , Federal Government , Mambilla Hydroelectric Power Project , Sale Mamman , Mambilla Project , President Muhammadu Buhari , Taraba State Government , Local Content Strategy , Project Implementation Manual , Youths Empowerment , Skills Acquisition Training ,