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LequteMan
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Lafarge Africa, Finland's Wartsila and the World Bank's IFC have agreed to build a 220 megawatt (MW) gas-fired power plant in Nigeria to boost electricity supplies, they said in a statement on Wednesday.
The trio said their plan was to help fast-track increased power supplies to the national grid and that they expected to provide more electricity to about 1.4 million households. They did not disclose the cost of the project.
The plan is to add a 220 MW power plant to Lafarge Africa's existing 90 MW plant, which is used mainly for its cement operations in Nigeria.
The plant supplies about 40 MW of excess power already, so once the new plant is built about 260 MW will go to the national grid under a power purchase agreement.
Under the agreement, Wartsila will build and manage the power plant, while Lafarge Africa, the Nigerian arm of the world's biggest cement maker, will manage the project.
The International Finance Corporation (IFC), the World Bank's private sector development division, will provide financial support and advisory services.
#Reuters #Nigeria #Lafarge #Wartsila #WorldBank #Africa #Finland
The trio said their plan was to help fast-track increased power supplies to the national grid and that they expected to provide more electricity to about 1.4 million households. They did not disclose the cost of the project.
The plan is to add a 220 MW power plant to Lafarge Africa's existing 90 MW plant, which is used mainly for its cement operations in Nigeria.
The plant supplies about 40 MW of excess power already, so once the new plant is built about 260 MW will go to the national grid under a power purchase agreement.
Under the agreement, Wartsila will build and manage the power plant, while Lafarge Africa, the Nigerian arm of the world's biggest cement maker, will manage the project.
The International Finance Corporation (IFC), the World Bank's private sector development division, will provide financial support and advisory services.
#Reuters #Nigeria #Lafarge #Wartsila #WorldBank #Africa #Finland