News
Why China pledge to refinance 33-yr-old abandon project
By ANDREW OJIEZEL
The President of China, Xi Jinping has pledged his readiness to finance the whole project of the Mambilla Power Station through a special loan agreement.
Jinping who made this known while speaking with President Muhammadu Buhari during a bilateral meeting in New York stated that he wanted China to re-commence stalled rail projects under new terms that would see China providing nearly all the financing required.
It was at this meeting Buhari also discussed ways of removing all obstacles in the way of the 3,050 MW Mambila Power Station.
Mambilla Power Station, one of Africa’s (and Nigeria’s) biggest dam projects, is a projected hydro power plant which will be connected to three dams across the Donga River in Taraba State. Conceived in 1982, the main Mambilla Dam is a large rolled compact concrete dam and reservoir at 1,300 metres (4,300 ft) above sea level.
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