Business
FG Wants Hydro Power Projects Ready, 2015
The Federal Executive Council (FEC), has directed the consortium handling the 3,750 megawatts Mambilla and Zungeru hydro power projects to make the projects ready for commissioning by 2015.
Minister of State for Power, Hajia Zainab Kuchi, disclosed this to State House correspondents after the Council meeting presided over by President Goodluck Jonathan at the State House, Wednesday.
Kuchi said that the directive was in fulfilment of the promise made to Nigerians by the Jonathan administration to deliver regular and adequate supply of electricity.
“If you look at the history of these two hydro-electricity power projects, you will see that it started long ago and we think this is a momentous time which is good for Nigerians. “If you look at it we made this promise of electricity and I am glad that we are finally on the course of making history for the Nigerian power sector,” she said.
“With the addition of about 3,750 MW of hydro power electricity generation capacity, the nation’ supply of electricity will be significantly enhanced. “We believe that the 53 consortium that signed the MOU yesterday will work very hard.
“We have charged the consultant and we have charged the consortium to make sure that the two projects were completed by 2014. “In fact, we insisted that we should be commissioning by the first quarter of 2015,” the minister added.
Kuchi said the Memorandum of Understanding (MoU) for the 3050 megawatts Mambilla hydro project and 700 megawatts Zungeru hydro-project were respectively signed on Tuesday.
She explained that the Mambilla project was awarded on Built, Operate and Transfer concession to Messrs Sino Hydro Corporation of China.
The contractor, according to her, would operate the facility for about nine years before transferring it to the Federal Government.
For the Zungeru project, Kuchi said the Federal Government would finance 25 per cent of the total cost to the tune 309 million dollars.
She said the balance of the 75 per cent would be borne by the contractors – Sino Hydro Corporation of China and Messrs CCEEC also of China.
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