Mambilla power: Nigeria wins $3.38bn battle, 1,500MW project gets lifeline
The Federal Government has won a nearly nine-year international arbitration battle against Sunrise Power and Transmission Company Limited over the long-delayed 1,500MW Mambilla Hydroelectric Power Project, defeating claims that put Nigeria’s potential exposure at more than $3.38bn. The project was originally conceived as a 3,050-megawatt hydroelectric plant in Taraba State, but the Federal Government later…