Nigeria spends $240m on developing Kainji, Jebba power plants

The need to maximise the nation’s hydropower potential resurfaced yesterday, amid non-payment of market receivable to generation companies as an investment in the two hydropower plants hits N100 billion.
 
The investments standing at N98.3 billion ($240 million) were made at the Kainji and Jebba dams by Mainstream Energy, which entered into an agreement with the Federal Government about eight years ago to resuscitate the plants.
 
Speaking, yesterday, in Abuja at the contract signing ceremony for the rehabilitation of Unit 1G9 and installation of Units 1G3 and 1G4 on Kainji Hydropower Plant with Power China Huadong Engineering Corporation Limited, industry experts canvassed a strong policy framework that would unlock the nation’s hydro resources…
 
More details through:
https://guardian.ng/business-services/nigeria-spends-n100bn-on-developing-kainji-jebba-power-plants/
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