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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.
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.