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$171m sought for Bauchi power project

| January 17, 2013 More

Power Station

Bauchi State Government is seeking a loan of 171 million US dollars for the construction of the Yankari power project, Yakubu Kirfi, Commissioner for Power and Energy, has said. He made the disclosure while defending the ministry’s budget for the year before the State House of Assembly Committee on Budget and Appropriation in Bauchi.

Kirfi said that the loan, which would be sought from Chinese Bank through the Federal Government, required the state to contribute only 15 per cent of the sum. He explained that the 15 per cent state contribution would be for administrative charges and logistics, adding that the project was expected to boost the energy demand of the people.

The commissioner said the project would generate over 500 megawatts of electricity, which is enough for the state’s internal consumption and to even supply neighbouring states. Kirfi said the two firms which would handle the project had promised to complete it within 18 months, stressing that the project would involve the use of thermal, bio-gas and solar energy as well as natural gas.

He assured the people of the state that the project was already on course with all conditions for accessing the credit facility fulfilled and all instruments for the smooth commencement of the project completed.

The chairman of the committee, Abdulkadir Dewu, lauded the ministry’s effort toward meeting the energy needs of the people of the state.

 

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Category: Bauchi State News

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