The Nigerian Senate says it has finally resolved all financial and legal hurdles that have been hindering the smooth take-off of the Mambilla Hydro-electric Power Project.
The Senate also said that the contractors of the project are expected to mobilize men and materials to site before the end of this year.
The disclosure was made through Senator Teslim Folarin, Chairman of the Senate Committee on Local Content, while receiving the report of the finance sub-committee of the Mambilla Hydro-electric Power project.
The sub-committee is an offshoot of the Technical Working Group on the Mambilla Hydro-Electric Power Local Content, which was inaugurated in June, 2020.
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He expressed confidence that all the issues, among others, are succinctly addressed in the report and he believes that at the end, they will have a document that will provide a way forward on the project.
He noted that the National Assembly has made appreciable progress and breakthroughs and the major legal encumbrance, which had made it almost impossible for the legacy project to take off, has been resolved.
He remarked that the challenges that emanated in the course of executing the project, which was awarded to a firm of Chinese Contractors JV (CGGC-SHC-CGCC), with their site in Gembu, Taraba State, made the Presidential Committee on North-East Development, now known as North East Development Commission, to review the initial plan of the Technical Working Group.
He said the North East Development Commission came up with a working document that reshaped and streamlined the work of the Technical Working Group for an effective and seamless implementation of the project and thereafter the reviewed report was sent to the National Assembly for further legislative action.
On its part, the national assembly, along with the technical working group constituted the Finance Sub-Committee chaired by the Executive Director of NEXIM Bank.