Nigeria’s Power Intervention Project Gets $8Billion US Investment
The disclosure was made in Lagos on Friday by the Managing Director of Niger Delta Power Holding Company Limited, (NDPHC) Mr. James Olotu, on Friday in Lagos while commissioning a new transmission project at Ikeja West injection Sub-station in Ayobo, Lagos.
He said that the intervention projects by NDPHC cut across the entire country and is designed to complement the existing power stations as well as upgrade the entire power facilities nationwide.
‘This amount is contributed by Nigeria to bring into existence 10 more power stations that will give Nigerians not less than 4770 MW of power, when completed.We are also building hundreds of thousands of kilometre of transmission lines across the nook and crannies of this country including substations to support the transmission lines. We are also building several thousand kilometres for distribution in addition to infrastructure and substations to support it. These projects also include the gas pipe lines within the same fund to ensure that gas flows into the generating plants’ he said.
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