The Federal Government has reportedly handed over Zungeru hydropower plant to Penstock Energy.
This was according to a news item scrolled by Channels Television on Tuesday. However, we are yet to confirm the story.
The former Minister of Power, Abubakar Aliyu, had on May 2023 said that the 700 megawatts Zungeru Hydroelectric power project had been completed, and that the facility would be able to send power to the Transmission Company of Nigeria (TCN) soon.
The project is said to be worth over $1.3 billion, and was constructed by CNEEC and SINOHYDRO in Niger state, Nigeria. It is said to be the second-largest hydroelectric power project in the country behind the 760 megawatts (1,020,000 hp) Kainji hydroelectric power project.