The China Civil Engineering Construction Corp. (CCECC) will build a 3,050-MW hydroelectric plant in the Mambila region of eastern Nigeria, according to a Bloomberg report. With a total cost of $5.8-billion, the project will last six years and will be 85% financed by the Export-Import Bank of China (Eximbank China) and the Nigerian government will contribute the remaining funds.
Babatunde Fashola, Minister of Energy, Works and Housing said, “The scope of the work is very broad. The project will require the construction of 700 km of electric transmission lines. It also includes the construction of four dams of which one is 150 meters high, two 70 meters and one 50 meters.”