Tuesday 21 May 2019
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thenationonlineng - 6 days ago

FEC approves $1bn Chinese loan for Gurara hydropower project

The Federal Executive Council (FEC) on Wednesday approved   $1 billion Chinese loan from Chinese EXIM Bank for the Gurara II Hydropower project. The project at completion will generate 360 megawatts of electricity. President Muhammadu Buhari presided over the weekly FEC meeting, which considered eighteen memos. Minister of Water Resources, Sulieman Adamu, said the approval was [ ]


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