China Gezhouba’s consortium wins bid for hydroelectric power project in Nigeria for $5.8 bln

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China Gezhouba Group Co Ltd

* Says its consortium wins bid for hydroelectric power project in Nigeria for $5.79 billion

The government of Nigeria has announced the award of a $5.8 billion contract to build what will be the largest power plant in the country.

The 3,050-megawatt Mambila hydroelectric power project in the state of Taraba will be delivered by a consortium of Chinese state-owned construction firms.
The megaproject will feature four dams between 50 and 150 meters tall, and take six years to complete, the Minister of Power, Works and Housing, Babatunde Fashola, told reporters in Abuja.

Risk factors

The location of the development could lead to complications.
“There is strong competition for land in Taraba state, which regularly sees outbreaks of ethno-religious violence,” says Donnelly. “Such a project, with its need to resettle people, could considerably worsen the conflict dynamics and humanitarian situation in the state.”
Environmental groups have also raised concerns about the potential impact.
“If the Mambila dam project does continue, it could mean disastrous environmental and social impacts for those already living in poverty along the banks of the Benue River,” warned NGO International Rivers,
The Nigerian government says that 100,000 people will be displaced by the development, and has pledged to resettle and compensate them.
Taraba state Governor, Darius Dickson Ishaku, has welcomed the project for its potential to boost tourism and agriculture.
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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

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