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Home Companies Company News

Lafarge Africa Seeks Approval to Contribute 260MW to the Grid

Nairametrics by Nairametrics
July 10, 2015
in Company News
Why Lafarge Africa’s 2014 results isn’t that bad
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  • Lafarge Africa said on Friday it had applied to Nigerian Electricity Regulatory Commission to generate 260 megawatts of electricity to supply to the country’s grid.
  • The application falls under the embedded energy plans of the commission. Embedded energy is basically extra energy generated by Independent Power Producers who generate power for themselves but have excess they can sell to the market.
  • Lafarge Africa, Finland’s Wartsila and the World Bank’s IFC agreed in September to build a 220 megawatt gas-fired power plant in the country to boost electricity supplies, at a cost of $400 million.
  • Nigeria is also in talks with Russia’s state-owned Rosatom to build nuclear power plants.
  • Source: Reuters

 

Tags: lafarge africaManufacturing
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Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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