Nigeria says Chinese to build USD 5.8 billion hydropower plant

Nigeria has announced that a Chinese company will construct a hydro-power station in the country and China's Export-Import Bank will provide 85 percent of the funding for the project.

BY ELISHA BALA-GBOGBO, BLOOMBERG

Nigeria said China Civil Engineering Corp. will build a USD 5.8 billion hydro-power station in the country's eastern Mambila region with a capacity to generate 3,050 megawatts.

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