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FG announces $5.8bn Hydroelectric Power Plant Project

BellaNaija.com

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FG announces $5.8bn Hydroelectric Power Plant Project - BellaNaija

BEIJING, CHINA – APRIL 12: President of the Federal Republic of Nigeria Muhammadu Buhari (L) and Chinese President, Xi Jinping (R) shake hands during the signing ceremony at Great Hall of the People on April 12, 2016 in Beijing, China. (Photo by /Kyodo News – Pool/Getty Images)

The Federal Government has announced the planned construction of a hydroelectric power plant in Mambila, Taraba State.

In a statement released by the Senior Special Assistant to the President on Media and Publicity Garba Shehu, he revealed the project is expected to gulp $5,729,497,062.

The 3,050-megawatt project, upon completion, will become the largest power plant in the country, and will require the resettlement and compensation of about 100,000 people .

The project’s preliminary study was done in 1972, and several administrations since then have attempted to get it off the ground.

In 2007, the federal government approved a $1.4 billion contract to 2 Chinese firms for a 2600-megawatt plant, but that agreement soon broke down.

The breakthrough finally happened after President Muhammadu Buhari met with Chinese President Xi Jinping in Beijing in 2016.

The project was awarded to a consortium of 3 Chinese companies: CGCC, SINOHYDRO and CGCOC, through Chinese banks.

Minister for Works, Power and Housing, Babatunde Raji Fashola, speaking about the project, said:

It will have a transformational effect on all of Nigeria’s socio-economic development.

During its construction and upon completion, and subsequent operation, it will have considerable positive impact on electricity supply nationwide, productivity, employment, tourism, technology transfer, rural development, irrigation, agriculture and food production in the area and beyond.

Photo Credit: Pool/Getty Images

12 Comments

  1. keke driver

    September 15, 2017 at 11:29 am

    Yawns….. Bloody thieves

    • #Proudnigerian

      September 15, 2017 at 12:40 pm

      If they don’t do you insult if they do you still insult nawa?

    • ND babe

      September 15, 2017 at 7:41 pm

      LOLOLOLOLOLOLLLOLLOLOLOLOLOLOOL Dem no fit power with gas wey full everywhere, na water wey don scarce. LOLOLOLOLOLOLOL. Water water everywhere, not a drop to drink! Nigeria is cursed from head to toe.

  2. Tosin

    September 15, 2017 at 12:19 pm

    with all due respect, hiss.
    even the chinese would be hissing at this point.

    inverter guy coming today to install new batteries so that i can endure. tired.

  3. Moniker

    September 15, 2017 at 12:52 pm

    @ProudlyNigerian… Please name one thing they have been able to do well.
    it is nobody’s prayer for this country to remain backward. But everyday, the hope fades away.

  4. Concerned_Boyfriend

    September 15, 2017 at 8:57 pm

    Why do we continue to hustle backward in this country ?. The developed world is investing in renewable energy sources but we are still on this archaic and expensive energy source. Well, now we know they’re not serious about a sustainable energy solution in this country. Yet another ploy to embezzle funds.

    • CovertNigerian

      September 15, 2017 at 9:08 pm

      You may want to review this particular criticism of yours. It’s quite wrong. Hydro power is the oldest and best developed renewable energy technology available today. It is the main source of zero carbon, non-nuclear power generating capacity in the world. It may have a high upfront cost, but over its lifespan, not so much. Many developed markets still rely on it and are building more. (See Norway, British Columbia and Quebec for example).

    • Rena

      October 12, 2017 at 9:59 pm

      Err….hydropower is a form of renewable energy and much of the same “developed world” you are referring to uses this. Including the most developed countries in the world that solely and heavily depend on hydro like Norway and Japan.

  5. Concerned_Boyfriend

    September 15, 2017 at 9:39 pm

    ConvertNigerian, what criticism in particular because it sounded like you just agreed with my assertions. Hydro power is the oldest but not the best developed renewable energy technology. You would think our government would harness the abundant and free natural resources (Wind, Solar, Natural gas) at their disposal to mitigate this problem but unfortunately they are pumping billions of dollar on hydro power. What would be desirable is a mix of hydro and other renewable sources not putting all our investment on hydro alone. Even the developed economies you mentioned do not solely depend on hydro solution.

    • CovertNigerian

      September 15, 2017 at 10:28 pm

      The criticism I was referring to is your apparent dismissal of hydro power. When I said it was the best developed renewable energy technology, it wasn’t an error. Hydro is the most predictable, least intermittent and most reliable of all available renewable energy technologies. If you want to have a conversation about efficiency rates, capacity factors, costs of integrating the more fanciful solar + wind technologies compared to hydro we can go into that too.

      A diverse generation mix can be a good thing to have, and considering that almost all of the new generating capacity proposed for Nigeria is gas fired, one new hydro plant is a step in that direction. Just like the solar and wind that you seem to prefer, Nigeria has a lot of abundant, yet untapped hydro capacity, so why not hydro now? One new dam is far from making Nigeria solely or even largely dependent on hydro. Building a new dam today doesn’t prevent investments in solar and wind tomorrow.

      Just in case you didn’t bother to look it up, this supposedly archaic hydro power technology produces at least 95% of the electricity consumed in Canada’s British Columbia and they’re currently reviewing plans for a multi-billion dollar expansion of their hydro capacity. Similarly 99% of power production in Norway comes from hydro as well. Quebec isn’t much different either. So contrary to what you’ve said, that is an almost total dependence on hydro.

      There is nothing wrong with solar and wind, but as of today they are not on the same level, developmentally, as hydro which has been evolving and improving for over a century. So again, this particular criticism of the Nigerian government is misplaced.

      No offence intended, but I doubt that you’re as knowledgeable in this area as I am but your interest is commendable. I hope you pursue it further.

    • E

      September 16, 2017 at 1:55 am

      @CovertNigerian ?

  6. Austin

    September 15, 2017 at 9:45 pm

    Why in Taraba State? A State like a desert and with extreme temperatures to dry out any liquid. A state lacking and farthest from any source of natural water. a State….. No, please school me now.

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