National
FEC okays $1b loan for hydro-power plant, saves $21b on imports
8 years agoMinister of Water Resources, Mr. Suleiman Adamu
The Federal Executive Council (FEC) yesterday approved a $1 billion loan from Chinese EXIM Bank for the 360 megawatts capacity Gurara II hydro power project. It also sanctioned N5.7 billion as revised contract of Nkari dam in Akwa Ibom State.