The Federal Government signed the Concession Agreement for the Grand Katsina-Ala Hydropower Project.
This was just as it formally appointed Maverick Energy Partners as preferred concessionaire for the development, financing, construction and operation of a 460 MW storage hydropower facility on the Katsina-Ala River in Benue State.
The project would run under a 35-year Design, Finance, Build, Operate and Transfer (DFBOT) public-private partnership framework.
The agreement represents one of the largest sovereign-backed renewable energy infrastructure concessions in Nigeria in recent years and marks an important milestone in the evolution of public-private infrastructure delivery across Africa.
The signing follows a multi-year approvals process involving Federal Executive Council concession approval, Infrastructure Concession Regulatory Commission certification and Transmission Company of Nigeria grid connection approval, reflecting an unusually advanced level of federal coordination and institutional alignment.
