Latest news on mambilla power project
The Mambilla Power Project is a 3,050 MW hydroelectric power project located in Taraba State, Nigeria. Here are some of the latest news updates on the project:
- Contract Award: In October 2020, the Nigerian government awarded the contract for the construction of the Mambilla Power Project to a consortium of companies led by Kvaerner, a Norwegian engineering and construction company. The consortium includes other companies such as General Electric, Julius Berger, and others. (Source: Premium Times)
- Project Timeline: The project is expected to be completed in 2025, with the first phase of 1,350 MW expected to be commissioned in 2023. The second phase of 1,700 MW is expected to be completed in 2025. (Source: This Day Live)
- Funding: The project is expected to cost around $5.8 billion, with the Nigerian government providing $2.5 billion and the rest being sourced from foreign loans and grants. (Source: Leadership Newspaper)
- Environmental Impact Assessment: The project has undergone an environmental impact assessment, which has identified potential environmental concerns such as habitat destruction, water pollution, and displacement of communities. The Nigerian government has promised to mitigate these impacts through measures such as reforestation and relocation of affected communities. (Source: The Guardian Nigeria)
- Community Engagement: The project has faced opposition from some local communities, who are concerned about the impact of the project on their livelihoods and the environment. The Nigerian government has promised to engage with the communities and address their concerns through a participatory approach. (Source: Daily Trust)
- Job Creation: The project is expected to create thousands of jobs during the construction phase, with the Nigerian government promising to prioritize local employment and training opportunities. (Source: Vanguard News)
- Power Generation: The Mambilla Power Project is expected to increase Nigeria's power generation capacity by 25%, reducing the country's reliance on imported fuel and improving energy security. (Source: BusinessDay Nigeria)
These are some of the latest news updates on the Mambilla Power Project. The project is a significant development for Nigeria's energy sector, and its successful completion is expected to have a positive impact on the country's economy and energy security.