The China Gezhouba Group Company Limited (CGGC) has said it would soon launch the 3050 megawatts (mw) Mambilla Hydroelectric Project in Taraba state, just as the minister of power, works and housing, Babatunde Fashola would sign the project contract today at the ministry.
The firm which is one of the contractors said in a statement that the project would improve the living standard of Nigerians and contribute to strengthening the ties between China and Nigeria.
The acting Director of Press (Power) at the Federal Ministry of Power, Works and Housing, Mrs Etore Thomas yesterday confirmed that the project contract agreement would be signed with the stakeholders at the Power House, Maitama, Abuja.
In the statement, the Managing Director CGGC Global Projects Nigeria Limited (which is its branch in Nigeria), Mr Zhang Wei said the project which has been approved by the National Assembly is a twin version of the Chinese Three Gorges Hydroelectric Project.
Wei said on completion, the great part of electricity consumed by Nigeria will be provided by this project, and tremendously easing the current shortage of electricity in the country.
"The world-famous Three Gorges Hydroelectric Project, with an installed capacity of 23000MW, ranks first among all the hydropower stations in the planet, symbolizing the highly advanced construction skills of CGGC. With strong financing ability, CGGC have helped the clients to get more than 20 billion USD project funding," Wei said.
He said the company has set up a limited branch in Nigeria and have been running since 10 years ago," he said.
In Nigeria, CGGC said it has realized the Barro Port Project, Lagoon Channel Project and East Rail-line Rehabilitation Project, among other over 10 projects in Nigeria.