Nigeria has approved the construction of the 1,650 MW Zungeru hydropower project with a US$3 billion investment, as the country's economy suffers from low power output and poor transmission infrastructure, forcing many homes and companies to rely on diesel generators.
The project would be funded through a public-private partnership and located in the state of Benue.
In Q1 of 2023, the Nigerian government will give a concession for the operation of the hydroelectric power plant.
Country updates
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November 14, 2022
RFQ launched for 700 MW Hydroelectric PPP project in Nigeria
The Bureau of Public Enterprises has issued a Request for Qualifications for the 700 MW Zungeru Hydroelectric Power PPP project in Zungeru Town of Niger State, Nigeria.
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September 27, 2022
Empower, Multiconsult form partnership for African solar projects
Empower New Energy and Multiconsult have formed a partnership to expedite the development of renewable energy projects in Africa through the support of the African Development Bank's Sustainable Energ...
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November 24, 2021
Afreximbank signs debt financing for 141 MW Aba Integrated Power Project in Abia State
African Export-Import Bank has signed a US$50 million Term Loan facility with Geometric Power Limited in connection with the Aba Integrated Power Project in Nigeria. The deal was signed on November&nb...
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September 24, 2021
Africa Finance Corporation to launch Infrastructure Climate Resilient Fund (ICRF)
As part of its drive to address Africa’s vulnerability to climate risk, Africa Finance Corporation (AFC) has created an independent asset management arm, AFC Capital Partners, with a debut offer...
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February 01, 2021
TNOG Oil and Gas closes stakes acquisition in OML 17 onshore
TNOG Oil and Gas Limited, a related company of the investment company, Heirs Holdings Limited and the conglomerate, Transnational Corporation of Nigeria Plc (Transcorp), has completed the US...
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