Mambilla test for Nigeria financing

Issue 358 - 23 Nov 2017 | 1 minute read
After decades of false starts, Nigeria has secured Chinese financing for the 3,050MW Mambilla hydroelectric power dam on the Donga River, which the authorities hope can start commercial operations in 2024-25. The latest contract was signed on 10 November by China Gezhouba Group Company, Sinohydro Corporation and CGCOC Group to build the $5.793m scheme, 85%-financed by the Export-Import Bank of China.

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