Nigeria plans to grant a concession on its $1.3 billion hydropower plant now under construction and is seeking bids from private investors to operate the China-funded plant, authorities said on.
The Mambilla hydropower plant is a 3,050 Mega Watts (which has now been scaled down to 1,525 MW) power station under development in Nigeria. It was conceived in 1972, but.
Africa50, the pan-African infrastructure investment platform, has acquired 15 per cent of the equity stake in the Nachtigal Hydro Power Company (NHPC) which runs the Nachtigal hydropower project in Cameroon..
The European Investment Bank has announced its strong support for the construction of a 420-MW hydropower project in Cameroon. The EIB will provide a EUR 50 million long-term project finance.
