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Nigeria: Sunrise Power waives $500m award for Mambilla hydro plant


Issue 450 - 30 Nov 2021

Local developer Sunrise Power and Transmission Company (SPTCL) has waived a $500m arbitral award owed to it by the federal government in relation to the 3GW Mambilla hydroelectric power (HEP) plant, and has ceased arbitral proceedings.

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