The Federal Executive Council (FEC) Wednesday approved the construction of Mambilla Hydro-Electric Power plant at the sum of 5.792 billion dollars.
This was disclosed following the FEC meeting which was held at the council chamber in Abuja. The council, which was presided over by President Muhammadu Buhari, awarded the contract to a Chinese civil engineering firm.
The Minister of Power, Works and Housing, Babatunde Fashola, stated that the construction of the four damns required would take an estimated 72 months.
He said the contract involves civil and electro-mechanical works.
The approval followed a memorandum he submitted to FEC for its consideration and approval on the project which first came to light in 1972.
FEC had initially approved N2 billion in October 2005 as preparatory cost for the project.Fashola did not however disclose when the project would begin.
The project which at completion is expected to deliver 3,050 megawatts, will be jointly funded by Nigeria and China. Nigeria is to provide 15% counterpart funding in the joint venture agreement with China.
“Several efforts have been made to bring it to reality but I’m happy to announce to you that this government approved the award of the contract today to a joint venture with a Chinese civil engineering company for the engineering contract including civil and electro-mechanical works for 5.792 billion dollars.
“The construction should take about 72 months, which is roughly about six years. The scope of works are very extensive.
“It requires the construction of four dams, one of them is a 150 metres in height, intermediate two are 70 metres in height and the smallest of them is 50 metres in height. Just for concept and scope.
“The 150 metres one is essentially the size of a 50 story building, because you have approximately three metres per floor.
“The intermediate one is roughly 20 something story building. It also includes 700 kilometred of transmission line. It will be in Taraba State, in the area called Gengu.
“It will involve a lot of preparatory work, resettlement. It will really unleash the potential that have been reported about Mambilla, agriculture, tourism and also for energy.
“It will also help Nigeria strike a very big blow on the climate change issue and fulfill its commitment under the Paris agreement because this is going to be renewable energy, coming also at a relatively competitive cost. This was approved by council today.” He said.