Nigeria: FG Clears Air On Zungeru Power Project Cost

18 September 2013

The Federal Government has described as "unfair" insinuations that the contract awarded by the Ministry of Power for the Zungeru Hydroelectric Power Project was excessively high.

While responding to a recent newspaper publication which attempted a cost analysis of the contract and concluded that the contract price was unusually high compared to the cost of similar projects in other parts of the world, the ministry stated that "The selective benchmark pricing of three projects in Ethiopia, China and Brazil is over simplifying the complexity of three hydropower projects."

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