The Federal Government and the United States
of America have entered into partnership to
build a 1,500-megawatts power plant as part of
effort to boost the nation’s power sector.
According to the Punch, the two countries on
Thursday signed two Memoranda of
Understanding at the headquarters of the
Federal Ministry of Power in Abuja, to build a
1,500-megawatts power plant and other power
infrastructure.
Related:
It was gathered that the agreements was
propelled by the Power Africa Initiative
inaugurated last year by the US President,
Barack Obama.
James Entwistle, US Ambassador to Nigeria
who signed on behalf of his country, stated that
following the agreements, both countries had
agreed to work together to increase access to
and availability of electricity in country.
“In Nigeria, Power Africa supports the
strengthening of the energy sector through
credit enhancement, grants, technical
assistance and investment promotions efforts.
Power Africa is working to mobilise affordable
and long-term financing for capital and
operational expenditure requirements for the
generation and distribution companies to
accelerate the electricity market development”
Entwistle said.
Speaking also at the signing, Dr. Peter
Nwangwu, Senior Vice-President for Africa,
Global Edison Corporation, expressed optimism
that the agreement will bring to realty a
1,500MW power plant and Solar Panel
Company.
“Two MoUs were signed today for Global
Edison. For the first MoU, we are building a
1,500MW gas fuelled power station and for the
second MoU, we are building a 70MW solar
panel manufacturing company in Nigeria, which
will be the largest in West Africa. The
significance of this is that we will be able to
now power our rural areas and villages with
reliable solar panels that will last for 30 to 50
years. Imported panels have given solar
business a bad name, but when properly
designed and installed, they can be almost
maintenance free for 30 to 50 years. And that is
what we intend to achieve here” Nwangwu said.
Related: Epileptic Power: Electricity Consumers

Until I c d lightssssssss

US partnering with Nigeria... at what cost. because the United states i know will never give you anything free of charge

how am I supposed to believe you when you can't properly spell light?

Na todayyyyyyyyyyyyyyy. Infact, that is an indication that power supply will be reduced soon.

Boller: Na todayyyyyyyyyyyyyyy. Infact, that is an indication that power supply will be reduced soon.

Lmao. iswear.

Please they should not come. Once us is involved they will take the 1000MW we are managing back.... I no fit shout.. Oh

Story story... they wan use us play penalty