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Thursday, 27 December 2018

Nigeria at risk of $2.3bn as Mambilla power project crisis lingers

Nigeria at risk of $2.3bn as Mambilla power project crisis lingers

The federal government is at risk of a $2.3 billion fine in arbitration over an alleged breach of contract for the $5.8 billion Mambilla power project in Taraba state. The project, a 3,050-megawatt hydropower facility, has stalled owing to legal and funding crises after Sunrise Power and Transmission Company Limited (SPTCL), a local content partner,

Read more Nigeria at risk of $2.3bn as Mambilla power project crisis lingers

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