Bauchi To Build 140MW Power Plant -

The Bauchi state government has
concluded
arrangements with a Chinese firm to
construct a 140 megawatts state
independent
power plant.
Briefing journalists in Abuja, the state
governor,
Alhaji Isa Yuguda explained that the
project will
cost $201m and will be completed in nine
months.
Governor Yuguda added that the Chinese
EXIM
bank is providing the funds, which the state
will
pay back over a period of twenty five years.
The federal government has provided a
sovereign
guarantee for the project.
The governor added that sixty per cent
of the
power generated from the plant will be
delivered to
the national grid while the remaining 40
per cent
will be distributed within the state.
It will be recalled that governor Isa Yuguda
sometime in February this year expressed
optimism
that an Independent Power Plant, IPP,
would soon
be established in the state.
Yuguda, who was in the delegation led by
the
Minister of Finance, Ngozi Okonjo-Nweala
which
visited China, said the trip would soon yield
positive
dividends as the proposed IPP would be
built in the
state.
He stated that discussions were held with a
Chinese Engineering Corporation,to build
the
power plant.
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