{"id":4344,"date":"2013-05-28T11:26:05","date_gmt":"2013-05-28T11:26:05","guid":{"rendered":"http:\/\/disnaija.com\/nigeria-news\/fg-to-inaugurate-n163bn-zungeru-700mw-plant-today\/"},"modified":"2013-05-28T11:26:05","modified_gmt":"2013-05-28T11:26:05","slug":"fg-to-inaugurate-n163bn-zungeru-700mw-plant-today","status":"publish","type":"post","link":"https:\/\/disnaija.com\/fg-to-inaugurate-n163bn-zungeru-700mw-plant-today\/","title":{"rendered":"FG to inaugurate N163bn Zungeru 700MW plant today"},"content":{"rendered":"
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By Citizens Platform<\/strong><\/em><\/p>\n

President Goodluck Jonathan will today Tuesday perform the sod turning 700-megawatt (MW) Zungeru Hydroelectric Power Plant situated in Niger State.<\/p>\n

The Power plant is expected to be completed in 2018 and valued at about N163 billion. The power plant is being constructed by China-based, CNEEC-Sinohydro Consortium with the funding provided for by the Federal Government and the Exim Bank of China on the ratio 25:75 percent respectively.<\/p>\n

Speaking to newsmen in Abuja, the Chief representative of the consortium in Nigeria, Mr. Ju Shiquan said processes for the smooth take-off of work at the hydro plant have been concluded, hence, the official sod turning by President Jonathan.<\/p>\n

According to Shiquan, the terms of the contract entails Nigeria to provide its counterpart funding contribution of about $ 309 million.<\/p>\n

The Minister of State for Power, Hajia Zainab Kuchi, during the contract signing ceremony for the project early this year revealed that the sum was already domiciled within the ministry. She said the ministry was expected to finalise all the paper works to activate the 75 percent funding from the Exim Bank of China, from which work would begin at the project site.<\/p>\n

In her words \u201cThe feasibility studies and engineering design was reviewed in 2008 by Coyne et Bellier, and a report which recommended that an installed capacity of 700MW consisting of 4X175MW plants units representing downward review of the initial capacity of 950MW should be adopted, the recommendation was accepted by the ministry,\u201d Kuchi had said.<\/p>\n

The project was initiated as far back as 1982, when the feasibility studies were conducted and submitted to government by a United States firm, Chas T. Main International, and later reviewed in 2008 by French firm, Coyne et Bellier.<\/p>\n

The project when completed is also expected to generate revenues to offset the facility from Exim Bank of China.<\/p>\n

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Posted in Nigeria News. <\/a>A DisNaija.Com<\/a> network.<\/p>\n

Source: Citizens Platform<\/p>\n

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