GURARA HYDRO POWER PROJECT RECEIVES A BOOST

Federal Executive Council (FEC) has approved a $1 billion loan from the Chinese EXIM Bank for the 360 megawatts capacity Gurara II hydro power project, which was abandoned for 17 years. Council also approved the procurement of 200,217 meters by Yola Electricity Distribution Company under the Meter Asset Providers Scheme. This was disclosed by the…