The federal government has commenced discussions with the Taraba State Governor, Mr Dickson Ishaku to construct a 3050megawatts (mw) Mambilla Hydropower Plant in the state, Power Minister, Babatunde Fashola has announced.
“We have opened discussions with the Governor of Taraba State, Governor Dickson Ishaku, who incidentally was once a minister of state for power,” he said.
“The first thing to do is to acquire the land and deal with compensation issues, which the governor has promised to deal with.”
He said the project would be “the single largest power plant with over 3,000mw in one place and it potentially takes us close to steady power” if built.
“The feasibility study has been done and so too the environmental impact assessment. We move one day at a time closer to starting Mambilla,” he added.
The project has been valued at $5.732billion (about N1.140trillion) with the Engineering, Procurement and Construction (EPC) contract proposed for two Chinese companies, Gezhouba Construction Group Corporation (CGGC), and the Sinohydro Corporation.
An official said the project would take 63 months to complete and be handed over to the federal government.
Nigeria is expected to contribute 25 per cent of the project’s fund while the China Export Import Bank provides 75 per cent.