Search Site: OnlineNigeria

Close






FG Approves Transfer of Power Plant to Investor

Posted by From Chuks Okocha in Port Harcourt on 2005/07/11 | Views: 335 |

FG Approves Transfer of Power Plant to Investor


The Federal Government has approved the concession of the Dadin Kowa Hydropower Plant, on a Build Operate and Transfer (BOT) basis, to a petroleum service company, Mabon Limited.

The Federal Government has approved the concession of the Dadin Kowa Hydropower Plant, on a Build Operate and Transfer (BOT) basis, to a petroleum service company, Mabon Limited.

The agreement was signed between the ministry of Water Resources, represented by the Upper Benue River Basin Development Authority and the company.
A statement from the company, which was signed by the project co-ordinator, Alhaji Baba Yahaya said the agreement allowed it to complete the construction and operate it for 25 years before handing it to the Upper Benue River Basin Development Authority.

The statement explained that the construction of necessary civil works and installation of all mechanical and electrical systems shall be as specified in relevant drawings by the ministry. The project is estimated to cost over N9bn , the statement said.

The company expressed its appreciation to government for giving it the opportunity to serve and said that it was their contribution to government’s investment drive and to provide electricity for Nigerians.
Mabon is a Nigerian service company, which began its operations on the West coast of Africa in 1990. It is involved in activities such as seismic survey, exploration services, oil and gas consultancy as well asset and resources management.


Read Full Story Here.... :
Leave Comment Here :



Add Comment

* Required information
1000
Captcha Image

Comments (8)

Gravatar
New
Obinna(Newark Nj)says...

I want to know more meaning and significant of this name obidike in igboland

Gravatar
New
Olusola Okhiria Nee Sodunke(Newport, Newport, UK)says...

This is a great piece of history, which is dear to our hearts as people and very much appreciated.

Many thanks to the people who worked hard in the past and those who are still making efforts to keep the institution.

The labour is obviouly worth it. We are proud of you all.

A lot still to be done, with the motivation of the champions of this course, others will follow as well to maintain the institution

May God continue to keep the edifice for development of future generations to the glory of God and the benefits of our fatherland.

Gravatar
New
Joel Efiong(Calabar, Nigeria)says...

This is a great piece. The examination bodies should hire you as ICT consultant.

Gravatar
New
Sunday Mbe(Kaduna, Kaduna, Nigeria)says...

ULIMASI means' GOD,THANK YOU' not THANK GOD.

Gravatar
New
Sunday Mbe(Kaduna, Kaduna, Nigeria)says...

The name ULIMASI is from the UTUGWANG tribe in OBUDU local government area of CROSS RIVER STATE in Nigeria.