be ready in the next 63 months, the Minister of State for Finance,
Mustapha Baba Shehuri, has said.
Speaking yesterday at the launching of the China Gezhouba Group
Company Limited (CGGC) North-west Africa regional headquarters, in
Abuja, the minister recognised the effort of the company in mobilizing
to site for the construction of the hydropower project which will add
3050mw to the National grid. CGGC is one of the major contractors of the
next 63 months. Over 6 billion dollars is being invested in this
project, 85% of which will come from the EXIM Bank of China and 15% from
the government of Nigeria.”
the company is playing in the construction of the socio-economic life of
the people of the north eastern part of the country which has suffered
devastation from the Boko Haram insurgency. “Indeed CGGC is a friend in
need and therefore a friend in deed,” he said.
establishment of the regional headquarters of the company in Abuja was
an opportunity to benefit from the strong Gezhouba brand of technical
strength, investment and financing capacity.
from the current 5,000 to 20,000 in the next three years within the
on the group’s 10 years development achievements and experience of
international business segment.
nuclear power, new energy power and power transmission and
for 2/3 of the thermal power construction and 1/3 of the hydropower
construction market shares.