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FG Set To Sell Five Electricity Companies To Fund 2023 Budget

FG Set To Sell Five Electricity Companies To Fund 2023 Budget The Nigerian government says it plans to sell some electricity-generation companies in the country, six months after it announced the restructuring of power distribution companies and privatisation of five power projects. The government said the...

$2bn Power Project: Fresh Threats, As FG, Siemens Take Conflicting Positions

$2bn Power Project: Fresh Threats, As FG, Siemens Take Conflicting Positions     Barely one year to delivery, the Nigerian Electricity Road Map project under the Presidential Power Initiative (PPI), appears to be facing fresh hurdle that may derail or delay the execution and delivery of additional power...

3050MW Mambilla Hydro Power Project Set to Start

Forty Chinese engineers have visited the site of the 3050 WM Mambilla hydro-power project at Gembu in Taraba State. The high profile visit which took place weekend is preparatory to the take off of the project, official sources told Daily Trust. The visit was undertaken in...

Landslide May Stall $3.2bn Mambilla Hydro-Power Project

The over $3.2billion Mambilla Hydro-power project with the capacity to generate 3050 megawatts is being threatened by several factors including massive landslide and bad roads. The Mambilla hydro-electric power project in Taraba State was initiated in 1982 to serve as the largest single hydro-power station...

President Jonathan Approves $7bn Mambilla Hydro Dam contract for 3,050MW

President Jonathan Approves $7bn Mambilla Hydro Dam contract for 3,050MW President Goodluck Jonathan will sign the Mambilla Hydro Dam contract next month. The Minister of State for Power, Mr. Mohammed Wakil, who spoke at a rally of the Transformation Ambassadors of Nigeria (TAN) in Gombe, said:...