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Mambilla: After rejecting cheaper option, FG agrees to pay Sunrise Power $200m

'Why Mambilla hydropower project's capacity dropped to 1,520MW'


The Minister of Power, Engr. Sale Mamman had stated in April when he received the management team of the contractor, China Gezhouba Group International Engineering Company and its Vice President, Mr Yuan Baoyi, that the project is also hindered by the legal disputes between the former contractor, Sunrise, with which the government was finalising settlement terms so that the project can continue.
Sunrise Power Transmission Company of Nigeria Ltd (SPTCL), a promoter of the project, in May filed a $400 million compensation claim against the Federal Government of Nigeria (FGN) for failing a settlement term, which the minister was referring to. ....

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Power minister: Why FG reduced Mambilla power project from 3,500mw to 1,500


Mamman said this on Tuesday when he appeared before the senate committee on power.
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He said the project capacity was adjusted to 1,500 megawatts to conform with current market realities and for lenders to accept it.
“We discovered that the 3050 megawatts is not visible. We have sent officials to China to review the project, and the memo is on the table of Mr President waiting for approval,” he said.
“The idea is to make it bankable. The market that we are operating in today in Nigeria is different from the market operated when the Mambilla project was conceived.
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“Today, we need a project that can be paid for in the market. We are funding the project with loan from a lender who is only interested in funding a project that can pay back the loan. Most of the issues around the Mambilla power plant are on the bankability of the project. What we did was to redesign the project to be bankable and acceptable to the lenders.” ....

Taraba State , Nigeria General , Zhou Pingjian , Saleh Mamman , Sunrise Power Transmission Company Of Nigeria Ltd , Messrs China Gezhouba Corporation , Sinohydro Corporation , Sinohydro Corporation Limited , Sunrise Power Transmission Company , Nigeria Ltd , தாராபா நிலை , ஸாலெ அம்மா , சூரிய உதயம் பவர் பரவும் முறை நிறுவனம் ஆஃப் நைஜீரியா லிமிடெட் , சூரிய உதயம் பவர் பரவும் முறை நிறுவனம் , நைஜீரியா லிமிடெட் ,