Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Power: HoneyWell plans $1bn investment in Lagos, Ogun, others

    Power: HoneyWell plans $1bn investment in Lagos, Ogun, others

    August 13, 2012
    Share
    Facebook Twitter LinkedIn WhatsApp

    13 August 2012, Sweetcrude, LAGOS – CHRIS Bale, chief executive officer of HoneyWell Group, says the company plans to invest over $1 billion in the execution of power generation and transmission projects across the country.

    Bale, who listed the states where the company is planning the investment to include, Lagos, Ogun and Bayelsa, said the Nigerian Electricity Regulatory Commission, NERC, had already issued his company licence to build a plant in Akute Oshun in Ogun State.

    He said the project will be completed before 2014 and that power from the plant will cover Ogun, Lagos and other parts of the South-west.

    “We see the potential for the housing Project in Ogun state to be 500 megawatts, we are looking at 100mw megawatts in Bayelsa State, we are looking at another 500mw plant closer home (Lagos)”, he stated.

    Bale said his company was discussing with the Bulk Trading Company as part of efforts to make the various power investments a success.

    Related News

    ‘Cross-border financial crimes draining billions from West, Central Africa’ 

    Tariff crisis stalls Nigeria’s gas-to-power expansion

    WTO hails Nigeria Customs as continental model for trade facilitation

    E-book
    Resilience Exhibition

    Latest News

    ‘Cross-border financial crimes draining billions from West, Central Africa’ 

    June 29, 2025

    Tariff crisis stalls Nigeria’s gas-to-power expansion

    June 29, 2025

    Oyetola, NIMASA pledge zero tolerance for harassment at sea 

    June 29, 2025

    NCDMB commends Heritage Energy on NOGICD Act implementation, reiterates commitment to HCD

    June 29, 2025

    BPSR applauds NIMASA for championing public service reforms

    June 29, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.