Chinese construction-engineering company Gezhouba Group has secured a contract to build the $5.8 billion Mambila hydroelectric power project in Nigeria.
Upon completion, the hydroelectric project power generation capacity will total 3,050 megawatts. The hydroelectric power plant will be located in Gembu, Taraba state, Nigeria. It will be the largest hydro plant in Nigeria.
The hydro power project will include construction of four dams and 700 kilometers (435 miles) of high-voltage transmission lines, Kallanish Energy understands.
Under the terms of the contract, Nigeria will contribute roughly $870 million to the project, representing 15% of overall cost.
The remaining cost will be met by China Energy Engineering through funding from the China Export-Import Bank.
Nigeria’s hydro power capacity is expected to exceed 4,500 MW after completion of the Mambilla project.