Malami says “Sunrise” has withdrawn Mambilla hydropower case

11 Nov Malami says “Sunrise” has withdrawn Mambilla hydropower case

Minister of Justice and Attorney-General of the Federation (AGF), Abubakar Malami, says energy firm, Sunrise Power Transmission Company of Nigeria Ltd (SPTCL) has withdrawn its arbitration case against the federal government, paving the way for work to continue.

He said in Abuja yesterday that the end of legal battle, meant the removal of legal impediments which stalled investment into the project.

The federal government had in August directed the Nigeria Sovereign Investment Authority (NSIA) to “source” and pay $200 million to the firm.

“Sunrise had withdrawn its pending arbitral proceedings in respect of which it was claiming against the interests of the federal government an amount owed in the region of around $1 billion,” he said.

“So, as it is the only impediment to Mambilla project, which had been the pending litigation that constituted an impediment that stopped the investors from investing in Mambilla had been effectively displaced with the withdrawal, with the discontinuation of the arbitral proceedings by Sunrise.”