FG wins nine-year arbitration battle over 1,500MW Mambilla Power Project

The Federal Government has emerged victorious in a nearly nine-year international arbitration dispute against Sunrise Power and Transmission Company Limited over the long-delayed 1,500MW Mambilla Hydroelectric Power Project, defeating claims that had put Nigeria’s potential exposure at more than $3.38 billion. The project was originally conceived as a 3,050-megawatt hydroelectric plant in Taraba State, but […]