Stats: 3,187,901 members, 7,933,323 topics. Date: Wednesday, 28 August 2024 at 01:56 AM |
Nairaland Forum / Nairaland / General / Politics / FG Reduces Mambilla Power Project To 1,500 Megawatts (310 Views)
China Threatens To Suspend Mambilla Power Plant Funding Over Legal Disputes / 40yrs After, FG’s N2 Trillion Mambilla Power Project Yet To Begin / 3,050 Megawatts Mambilla Power Project In Taraba (Pictured) (2) (3) (4)
FG Reduces Mambilla Power Project To 1,500 Megawatts by oaktvnigeria: 12:26pm On Jul 07, 2021 |
The federal government yesterday justified the reduction in the capacity of the Mambilla power project from 3,500 megawatts to 1,500 megawatts, saying it was to ensure adequate funding by lenders. Minister of Power, Mr Salleh Mamman, who disclosed this while appearing before the Senate Committee on Power, said the capacity of the power project was reduced to 1,500 megawatts to make it bankable and acceptable to the lenders. He said: “We discovered that the 3,050 megawatts are not visible. We have sent officials to China to review the project and the memo is on the table of Mr President waiting for approval. “The idea of rescoping the project is to make it bankable. The market that we are operating today in Nigeria is different from the market that was operated when the Mambilla project was conceived. Read Also: Kaduna: Your children are in safe hands, bandits tell parents “Today, we need a project that can be paid for in the market. We are funding the project with a loan from a lender who is only interested in funding a project that can pay back the loan. Most of the issues around the Mambilla power plant are on the bankability of the project. What we did was redesign the project to be bankable and acceptable to the lenders.” In his speech, the Chairman of the committee, Senator Gabriel Suswam, asked the Minister to account for the N812 million the federal government paid to the Taraba State government for surveying and demarcation of land where the project would be sited. Suswan said the ministry must account for how the money was used since it was given by the federal government adding that “it is left for you to ask the Taraba State government to furnish you with the details of how the N812 million was spent”. source: https://newstrack.oak.tv/fg-reduces-mambilla-power-project-to-1500-megawatts/
|
Re: FG Reduces Mambilla Power Project To 1,500 Megawatts by sweetshisha: 12:27pm On Jul 07, 2021 |
![]() Worst minister of power in the history of Nigeria Siemens Germany offered us a deal on a platter of Gold (Generation, Transmission and Metering ), since Abba Kyari died nothing is being said about it.... Siemens is a company that readily has everything we need and can manufacture more . |
Re: FG Reduces Mambilla Power Project To 1,500 Megawatts by valentineuwakwe(m): 12:46pm On Jul 07, 2021 |
May God help this country! |
Re: FG Reduces Mambilla Power Project To 1,500 Megawatts by History555: 12:50pm On Jul 07, 2021 |
812 million to survey and demarcate land. Dis kwantry sef |
Re: FG Reduces Mambilla Power Project To 1,500 Megawatts by Nbotee(m): 12:55pm On Jul 07, 2021 |
Hahahahahaha.... D same project d likes of Sarrki and other ZonBs claim were almost nearing completion |
Re: FG Reduces Mambilla Power Project To 1,500 Megawatts by omowolewa: 4:16pm On Jul 07, 2021 |
Too bad Myopic decisions |
(1) (Reply)
Why Are They Not Adding The Alleged Buhari's Death To Nnamdi Kanus Charges / RE: Court Issues Criminal Summons Against Ex-cbn Governor, Prof. Charles Soludo. / General Hassan Ahmed., BIASED NIGERIA MILITARY.
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 10 |