FG reviews $1.3bn Zungeru plant over low output
The Federal Government has begun a review of the $1.3bn Zungeru Hydropower Project as the 700MW plant is currently supplying only half its capacity to the Read More: https://punchng.com/fg-reviews-1-3bn-zungeru-plant-over-low-output/
The Federal Government has initiated a regulatory review of the $1.3 billion Zungeru Hydropower Project in Niger State, as the 700-megawatt plant currently generates only about half of its installed capacity for the national grid. The Infrastructure Concession Regulatory Commission (ICRC) has intensified its oversight of the project to pinpoint and address legal and operational issues hindering the plant's performance.
The review is part of efforts to boost power supply and tackle persistent electricity shortages across Nigeria. The project, a Public-Private Partnership (PPP) arrangement, is operated by Penstock Limited and currently produces approximately 350 megawatts to the grid. The ICRC's Director-General, Jobson Oseodion Ewalefoh, emphasized the government's commitment to addressing the power crisis, stating that President Bola Ahmed Tinubu's promise to solve Nigeria's power problem is genuine and requires collective efforts to achieve this goal.
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- FG reviews $1.3bn Zungeru plant over low output punchng.com
