The Federal Government has formally handed over the $1.3 billion Zungeru Hydroelectric Power Plant to a concessionaire, Penstock Limited.
The plant was handed over to the concessionaire at the 2024 inaugural session of the National Council on Privatisation (NCP) held at the Presidential Villa in Abuja and presided over by Vice President Kashim Shettima.
The 700-megawatt plant in Zungeru in North-Central Nigeria was facilitated by a $1.3 billion loan from China.
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