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Italian group to build power plant

    ABIDJAN

    The Italian oil group Agip on Wednesday signed a memorandum of
    understanding with the state-run Nigerian National Petroleum Corporation (NNCP) to build a US $350-million gas-fired power station, AFP reported.

    The two sides agreed that a one-month feasibility study would be conducted after which a final decision would be made over three months on the project, expected to help to reduce the crippling electricity shortages in Nigeria.

    The proposed plant, which should take two years to build, would be located in Delta State, southeastern Nigeria, and would have an initial generating capacity of 450 megawatts, according to AFP.

    NNPC would bear 49 percent of the investment costs and Agip 51 percent.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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