Nigeria and China Sign $1.2 Bn Agreement to Build Power Plant

Nigeria and China have signed a $1.293 billion agreement to develop the Zungeru Hydroelectric Power Project in Niger State. The plant is expected to generate 700 Megawatts (MW) of electricity. The contract was awarded to two Chinese electric power firms, China National Electrical Equipment Corporation (CNEEC) and Sinohydro Consortium, and they got a loan facility […]