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.
Continue Reading
-
Aviation1 week agoAviation Crackdown: NCAA suspends services to Air Peace, Ibom Air, nine others
-
Business6 days agoNigeria gets 2026 Toyota RAV4 as Toyota-By-CFAO sets Lagos launch date
-
Football2 days agoXabi Alonso targets Arda Guler as Chelsea prepare €100m transfer bid
-
Editorial Opinion5 days agoUnder the Uniform: The urgent need for mental health, substance abuse screening for officers
-
Aviation1 week agoFAAN meets international airlines to improve airport operations, passenger experience
-
Latest4 days agoTinubu’s daughter decries alleged irregularities in Lagos APC primaries (Video)
-
Featured6 days agoEx-Police chiefs’ governorship bids spark debate over source of political funding
-
Politics2 days agoAmuwo Odofin: Umeadi emerges winner of NDC Reps Primary