Business Eta-Zuma: Private Firm to Invest $6bn in Nigeria to Boost Power Supply



A private firm, Eta-Zuma Group West Africa Limited, has announced that it will be investing $6bn to boost electricity generation and supply in Nigeria.

Eta-Zuma's Chairman, Dr. Innocent Ezuma, said 1,200MW would be generated from coal, which the company is already mining in Kogi State. The firm has acquired a licence from the Nigerian Electricity Regulatory Agency to generate additional 400MW from gas, he added.

According to him, 90 per cent of the work on the development stages had been completed and the remaining agreements would be completed before the year runs out to so that the actual construction of the coal power plant would start.


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