Tuesday, April 23, 2024

Abuja power project: US to provide $1.1m for feasibility study

The US Trade and Development Agency has said it will provide about $1.1m for the feasibility study of a 1,350 megawatts power plant to be built in Abuja.

The USTDA disclosed this on Tuesday at the Nigeria International Petroleum Summit 2020 in Abuja, during the signing of an agreement with the Nigerian National Petroleum Corporation.

The acting Director, USTDA, Thomas Hardy, on the sidelines of the event that the agency would invest just over $1.1m in the project, saying, “That is what it is going to take to do a feasibility study to prove the commercial viability of the plant.”

He said work would start immediately on the feasibility study.

“It is the investment the US Trade and Development Agency is making, to invest with the NNPC in the development of 1,350 megawatts gas power plant. It will be looking to bring on new power generation in Abuja,” he added.


The Group Managing Director, NNPC, Mr Mele Kyari, said at the signing that the power plant project was aimed at maximising the huge gas resources in the country.


Signature TV
Signature TVhttps://signaturetv.isitedigitals.com
Signature TV is a multi-media company, owners and operators of signaturetv.org and producers of The Signature Show on AIT and Corruption Tori. Our programmes are broadcast on the AIT Network and on Seven NTA stations across the country. We are content providers for a number of television networks and some State TV stations, with a respected 24/7, high online and offline followership. We are also Communications/Media Consultants to MacArthur Foundation, Ford Foundation and OSIWA.

Related Articles


Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Latest Articles