Briefing journalists in Abuja, the state governor, Alhaji Isa Yuguda explained that the project will cost $201m and will be completed in nine months.
Governor Yuguda added that the Chinese EXIM bank is providing the funds, which the state will pay back over a period of twenty five years.
The federal government has provided a sovereign guarantee for the project.
The governor added that sixty per cent of the power generated from the plant will be delivered to the national grid while the remaining 40 per cent will be distributed within the state.
It will be recalled that governor Isa Yuguda sometime in February this year expressed optimism that an Independent Power Plant, IPP, would soon be established in the state.
Yuguda, who was in the delegation led by the Minister of Finance, Ngozi Okonjo-Nweala which visited China, said the trip would soon yield positive dividends as the proposed IPP would be built in the state.
He stated that discussions were held with a Chinese Engineering Corporation,to build the power plant.
Category: Bauchi State News