Cummins Incorporated is investing about N395 billion($250 million) in power related investments in the country over a period of five years in Joint Ventures operation to provide captive power to industries to design, construct, operate as well as maintain gas-fuelled power plants in the country.
Deepak Khilnani, the chairman of Cummins spoke while addressing investors and clients of the company at the residence of the British High Commissioner in Ikoyi, Lagos. The companies that are receiving the services of the company include Heinken, Proter and Gamble , AG Leventis.
He said there are moves to establish an independent power plant in Aba. Earlier at another location in Lagos, Tony Satterthwaite, president, Cummins Power Generator, while cutting the Ribbon at Cummins Energy Solutions Nigeria, in Ikeja, had disclosed that the company has also entered into partnership with a UK-based power plant company, Gentec, to provide cost effective power solution in the country.
According to him, the company’s energy solutions business have been very successful in Nigeria, having operated joint venture agreement with three companies to provide cost effective power solution in Nigeria.
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