18 June 2013 – Nigeria’s president, Goodluck Jonathan has launched the estimated US$1 billion Zungeru hydroelectric project in the country’s Niger state. He says the Zungeru hydroelectric scheme was initially conceived in 1982, but due to funding constraints work on the project never began. However, he says that his administration had now solved the financial challenge by making funds available to build the dam on the River Kaduna.
The power facility, whose construction is expected to take four years, will be one of the largest to be built by Jonathan’s administration. Funding has been made available through a long-term credit facility from Exim Bank of China on a debt-equity ratio of 75:25. The contract for the construction of the hydroelectric facility has been awarded to Synohydro.
Niger state already hosts the 760 MW Kainji scheme, which was commissioned in 1968, the 540 MW Jebba facility commissioned in 1978, and the 600 MW Shiroro facility commissioned in 1990.