17 June 2016, Sweetcrude, Abuja – American energy giant, General Electric, is due to exploit the vast coal deposit in Nasarawa State for the purpose of generating electricity for home and industrial use.
Governor Umaru Tanko Al-Makura, who disclosed this in Lafia, the state capital, said talks with the leading energy outfit had reached advanced stage and work is expected to commence as soon as issues bothering on solid minerals exploration are adequately tackled.
He said the facility, when fully operational, is expected to generate 200 megawatts of electricity, adding that the initiative is in partnership with resident industries such as West Africa’s largest rice farm, Olam Nig. Ltd.
The governor said the move became necessary in view of the current challenges of electricity generation which depends majorly on gas and the need to diversify the economy through solid minerals exploration.
He explained that other trickle down effects of the project include direct and indirect creation of jobs through employment by the energy company and ensuring a robust economy through sustained provision of energy at a competent tariff.