Original news was published on 4 August, 2014

US$2.5 billion project to generate 1,500 megawatts

Global Edison will build a US$2.5 billion gas-fired plant in Anambra State, Nigeria.

The 1,500-megawatt plant will be fueled by gas from the Nigeria’s eastern supply axis. The plant is part of a memorandum of understanding signed between Nigeria and the U.S. Power Africa Initiative. Also included in the agreement is a 70-megawatt solar panel manufacturing plant, which would be the largest in West Africa, the U.S. Diplomatic Mission to Nigeria said in a statement.

The energy investment will have an enormous impact on Nigeria’s generating capacity.

“That means if you think of what Nigeria currently is producing, you are talking of 250 per cent per current generation capacity and Power Africa is designed to give two and half times that to the whole of Africa. We appreciate Global Edison for what they are coming to do,” Nigeria’s Minister of Power Chinedu Nebo said at the signing ceremony.

The initiative aims to add at least 10,000 megawatts of electricity in sub-Saharan African nations, including Nigeria, Ethiopia, Ghana, Kenya, Liberia and Tanzania.

*NEWS SOURCE