Former Minister of Power, Barth Nnajihas said his company Geometric Power will build a 1,080 megawatt power plant jointly with General Electric , with the first phase of the project generating 500 MW expected to be completed in 2019 at a cost of $800 million.
According to Reuters, the firm was in discussions with some Chinese, European and U.S. investors and expected financial close by year-end. Construction would start early next year.
“We have a 1,080 megawatt project … (in partnership) with General Electric. The power goes to the national grid. What we are doing is to build up power projects in this way,”
Geometric Power, which has a 141 megawatt captive power for industrial use in Abia State, said the new plant would also be located in Abia State, southeast Nigeria.
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Barth Nnaji’s Geometric & GE set to build 1,080MW Power Plant https://t.co/S7MteqHvVm https://t.co/cgYChpZles
Barth Nnaji’s Geometric & GE set to build 1,080MW Power Plant https://t.co/Ju6YqWApxx https://t.co/fD5BeZlaKJ
Barth Nnaji’s Geometric & GE set to build 1,080MW Power Plant https://t.co/kiFIDUiu8R https://t.co/kfxlwROhoc
Barth Nnaji’s Geometric https://t.co/fjN9pNS1H7
We’ve been hearing about General Electric in the Nigerian power industry for more than half a decade now. What exactly have they done so far.