A consortium of American Investors has indicated interest to commit a renewable energy investment about $212 million in Nigeria and help develop the power sector.
The investment will however come on stream by the third quarter of 2015 to inject about 100 megawatts of electricity into the national grid.
The companies that have indicated interest in the project are Global Business Resources USA, Global Resources Network USA, Flatbush Solar USA and Charbourne & Parke, LLP USA.
Power transmission towerThe Group, which was led by executive partner of Global Business Resources, USA, Mr. James Nicholas made its intentions known during a courtesy visit to the executive secretary of the Nigerian Investment Promotion Commission (NIPC), Mrs. Saratov Umar. Nicholas said the group was in Nigeria to explore opportunities in renewable energy development under the umbrella of Power Africa Initiative of President Obama.
According to him, the group has already begun discussion with Abuja Distribution Company and will be visiting Kano for discussion on where to site the project and other logistics.
He added the group is desirous to embark on rural electrification project across the country with a view to supplying electricity to rural dwellers and provide relevant tools or device that will assist in monitoring and securing of electricity infrastructure in the country. Responding, Umar commended the businessmen for their interest to invest in Nigeria and help develop the power sector, which is very critical to the economic development of the country.
