FG secures $1.3bn hydro power plant deal with China ExIm Bank

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The Federal Government, in partnership with the China ExIm Bank, will spend about $1.3bn on the construction of the 700 megawatt-capacity Zungeru hydroelectric power plant project, The Punch reports.

The Vice President, Power China Internationale Group Ltd., Mr Tian Haihua, on Thursday in Zungeru said that the project, when completed, would generate 700 megawatts and would start generating power by 2019. He also commended the Niger state government for providing a peaceful atmosphere for the smooth take off of the project

The state Commissioner for Works and Housing, Alhaji Abdulmalik Cheche, said that the state government would continue to ensure a peaceful atmosphere for the successful completion of the project. He said that the project would go a long way in providing job opportunities for the unemployed youths in the state.