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 » Geometric, Afrigem set to inaugurate Aba power plant

    Geometric, Afrigem set to inaugurate Aba power plant

    July 13, 2015
    Share
    Facebook Twitter LinkedIn WhatsApp

    13 July 2015, Lagos – Geometric Power Plc has been joined by Afrigem Integrated Utilities Limited to inaugurate and expand the capacity of the 141-megawatt Aba power plant.

    Barth-Nnaji-360x270
    Prof. Barth Nnaji, Geometric Power boss

    The plant, which is regarded as Nigeria’s first indigenous integrated power project, is to be inaugurated in November, according to a statement on Sunday.

    The statement noted that Diamond Bank Plc had on July 3 hosted the signing of a transaction implementation agreement between the sponsors and creditors of the Aba IPP and Afrigem Integrated Utilities Limited for additional equity investment and total capital restructuring of the project.

    Afrigem Utilities had articulated a three-year value creation programme to inaugurate the plant by November this year and increase the capacity from 141MW to 341MW by 2018, the statement added.

    Afrigem Utilities is a West African-focused development and investment company with a 720MW pipeline of energy solutions project in the region.

    According to the statement, for the N15bn investment in Geometric Power Aba Limited and the APL Electric Limited, Afrigem assembled a consortium of technical and financial partners such as General Electric, Tuten Limited and the NCL Limited for technical services.

    – Punch

     

     

    Related News

    AfDB to provide $184.1m for Africa’s largest solar energy and battery storage project

    ‘Developers to add 18.7 GW of natural gas-fired capacity by 2028’

    Anzana Electric and AfDB power up Burundi’s energy future

    E-book
    Resilience Exhibition

    Latest News

    LASG approves seven dedicated truck parks for Lekki Port axis

    June 13, 2025

    NCDMB Executive Secretary joins AEW 2025 amid focus on enhancing local capacity

    June 13, 2025

    AfDB to provide $184.1m for Africa’s largest solar energy and battery storage project

    June 13, 2025

    NSC seeks closer collaboration with Police to boost port enforcement

    June 13, 2025

    Can the African Energy Bank transform the continent’s refining and downstream future?

    June 13, 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.