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16 May 2019

FEC approves $1bn China EXIM loan for power project

May 16, 2019 Peoples Daily, Headlines

By Lawrence Olaoye The Federal Executive Council (FEC) has approved a $1 billion Chinese Export and Import (EXIM) Bank loan for the Gurara II Hydropower project with the capacity to generate 360 megawatts of electricity. Briefing newsmen after the weekly FEC chaired by President Muhammadu Buhari, Minister of Water Resources, Sulieman Adamu, said “The Federal […]

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