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Nigeria has awarded a contract to operate and manage the 700-megawatt Zungeru Hydroelectric Power Plant to local energy firm, Mainstream Energy Solution Ltd (MESL).
The Chinese-funded hydroelectric power station, which is being built for $1.3bn in the northwestern Niger state, is expected to provide a boost to Nigerias erratic power supplies.
Zungeru, the biggest hydropower project under construction in Nigeria, was funded through a loan facility from the Export-Import Bank of China. The project will provide power generation, flood protection, and water for irrigation.
According to the Bureau of Public Enterprises (BPE), MESL won the bid with a proposal to operate and manage the plant at a cost of $70mn per year for the next 30 years. The power plant is expected to begin supplying power by the end of March.
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