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The Mambila Hydro Power Project will
be ready in the next 63 months, the Minister of State for Finance,
Mustapha Baba Shehuri, has said.
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
Mambila project.
“This contractor and its partner will make this to happen in 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.”
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 minister emphasised the need to underscore the important role
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.
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.
He commended the CGGC and the governor of Taraba State for their effort and foresight.
The President of CGGC International, Mr Lv Zexiang, said the
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.
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.
He said the company is determined to increase its local workforce
from the current 5,000 to 20,000 in the next three years within the
regions.
from the current 5,000 to 20,000 in the next three years within the
regions.
He said the regional office which covered 28 countries, would carry
on the group’s 10 years development achievements and experience of
international business segment.
on the group’s 10 years development achievements and experience of
international business segment.
The company specialises in the fields of hydropower, thermal power,
nuclear power, new energy power and power transmission and
transformation.
nuclear power, new energy power and power transmission and
transformation.
CGGC dominates thermal power and grid design of China and accounts
for 2/3 of the thermal power construction and 1/3 of the hydropower
construction market shares.
for 2/3 of the thermal power construction and 1/3 of the hydropower
construction market shares.
Source: Daily Trust
