President Goodluck Jonathan has launched the 700MW Zungeru hydro project in Niger State. Sinohydro is building the project, with funding from the Export-Import Bank of China. The project is estimated to cost $1.4bn and the federal government approved $300m of counterpart funding in August 2012. Construction is expected to take four years. Niger State has the 760MW Kainji hydro scheme, commissioned in 1968, the 540MW Jebba facility, commissioned in 1978, and the 600MW Shiroro facility, commissioned in 1990.