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Nigeria To Construct 1,650 MW Hydropower Plant At $3bn

by Chika Izuora
November 16, 2022
in Business, News
Power-Minister-9

Nigeria has given an approval for the construction of a 1,650-megawatt (MW) hydropower plant at a cost of $3 billion.

If the project is realised it would be recorded as one of the single biggest power projects in the country.

The project would be funded under a public private partnership arrangement and located in the north central state of Benue, Laolu Akande, spokesman to vice president Yemi Osinbanjo said in a statement.

Nigeria currently struggles with low power output and limited transmission infrastructure, leaving many households and businesses reliant on diesel-powered generators.

Authorities said, last week, the government would grant a concession to operate its $1.3 billion China-funded Zungeru hydropower plant that will come on stream in the first quarter of next year.

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