RusHydro completes feasibility studies for Kainji, Jebba hydropower plant rehabs

Kainji Dam

RusHydro International AG has completed feasibility studies for reconstruction of Nigeria's 750-MW Kainji and 578-MW Jebba hydropower projects, the JSC RusHydro subsidiary announced.

The work is being performed under a five-year agreement with Mainstream Energy Solutions Ltd. and includes the development of project documentation; organization of tenders for equipment, installation and construction; and consulting issues related to the plants' operation.

The agreement, signed this past May, follows efforts by owner Power Holding Company of Nigeria (PHCN) to revive the plants over the past several years.

HydroWorld.com reported then that Mainstream Energy had committed to spend US$452 million for the project and would pay RusHydro a fixed fee for rendered services and additional remuneration for organization of tenders. RusHydro (LSE: HYDR) will not provide any financing for the work.

 

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