India's Skipper Group today signed a MoU with Kano state in this regard, Indian High Commission to Nigeria said.
"The project is the biggest hydroelectric power project in northern part of the nation and when completed in two years time, will be of immense benefit to the state," said Mahesh Sachdev, the Indian High Commissioner to Nigeria after signing of the MoU.
"The project will benefit water resources department in the state as well as the Manufacturers Association of Nigeria and help them stabilise their industries ailing due to power shortage," said Rabiu Kwankwaso, governor of Kano on the occasion.
The company will generate 10 megawatts electricity from Tiga Dam while the remaining 25 will come from Chellawa Gorge Dam.
Nigeria faces regular power shortage with some companies and private residences depending on diesel-powered generators.
The government of Nigeria has been encouraging foreign investors to invest in the sector to boost output.
Industrialists say low power supply in the oil-rich African country with a population of 150 million has led to high cost of production and hampered further investment.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
