India to invest $ 6 bn in Nigerian power projects

May 23, 2006 02:00 AM

Nigeria has attracted $ 6 bn in agreed investment from India for power projects.
The agreement, reached between Indian deputy high commissioner to Nigeria, Anil Trigunayat, and Nigerian President Olusegun Obasanjo, was ratified.

Trigunayat said that investments would focus on power plants. Indian businesses had shown interest in upgrading power plans and constructing new ones that would use coal.
The commissioner also indicated that India would like to work closely with Nigeria in the future, especially in the oil and gas sector.

Source: Business in Africa
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