A Chinese firm has presented a proposal to the federal government to build a 20, 000 megawatts power generating plant in Nigeria, minister of power, Prof. Chinedu Nebo has said.
The power plant will be powered by flared gas and is being proposed by one of the biggest power generating companies in China, the minister said in Abuja when he hosted a UK business delegation led by the Lord Mayor of London, Roger Grifford.
The minister who did not disclose the company’s name said the initiative “is still a proposal”. He said the power sector has huge potentials and has got sufficient space for many investors as possible including in renewable energy, coal to power among others.
“One of the largest power generating companies in China is talking to us. The market is open. We are looking at Europe and Asia and beyond,” Nebo said.
Also, he said a South Korean firm was also working with the federal government to build 1, 000mw of solar energy annually for the next 10 years, as part of the energy mix component of the power sector reforms.
He said, “We need a robust energy mix, for security purposes. As a nation it is not expedient to have a source or two, we need a good mix of power, we now have wind turbines, solar power too are being commissioned, but we are still far considering our potentials.”
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