Nigeria's planned 500 MW power plant to cost $ 400 mm

Sep 16, 2009 02:00 AM

The first phase of an independent power project to be built in the industrial city of Aba in Nigeria's southeast Abia state is to cost $ 400 mm, the state-run Bureau of Public Enterprises, or BPE, said.
Chigbo Anichebe, head of public communications at the BPE quoted Barth Nnaji, chairman and chief executive officer of Geometric Power, which is constructing the Aba Independent Power Project, as saying that the first phase will have a capacity of 188 MW while the second phase will generate up to 500 MW.

Anichebe said a BPE team visited the site of the project at Osisioma, Aba, which he added is a natural-gas fired thermal plant expected to distribute power to industrial, commercial, residential and rural consumers in the city. He said the company explained that additional investment worth $ 50 mm would be made to the distribution system over the next three years, adding that total investment in distribution would rise to $ 120 mm by the end of the first three years after commissioning of the project.
Nnaji, who is the president of Independent Power Producers Association of Nigeria according to the statement, urged the Nigerian government to "encourage the replication of the Aba IPP model as a way to fast track sustainable solution to the power challenges in Nigeria."

Nigeria is currently facing its worst energy crisis, with national power generation at about 2,500 MW. This has left offices, homes and industries with constant black outs.
The government has drawn up a plan to increase power generation to 6,000 MW by December 2009 and 10,000 MW by 2011.

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