HomeIndustry SectorsGenerationNigerian company forms international power consortium

Nigerian company forms international power consortium

Hydroelectric power
in Nigeria “’ a popular
energy source that
is likely to be expanded
by the new international
power consortium
Abuja, Nigeria — ESI-AFRICA.COM — 03 November 2011 – In a bid to become a major power generating, distribution and transmission company in Nigeria, ProGlobal Power Limited has signed a memorandum of understanding with two leading international electricity power companies, Finagestion of France and Symbion Power, of the USA.

Disclosing this here, ProGlobal Power Nigeria chairman Robert Ofoegbu said that a consortium, to be known as “ProGlobal International Power Consortium,” had been established. The consortium had already signified its interest in the PHCN privatisation process with a view to contributing to the development of the nation’s power sector.

Ofoegbu explained that the ProGlobal Consortium had advanced efforts in bidding for the Abuja and Enugu distribution companies. “We expect to submit our bid in the first quarter of 2012 in line with the timetable laid out by the BPE,” he said.

"We are excited to partner with Finagestion and Symbion “’ two of the leading electrical power companies in the world with an actual track record in Africa “’ to support government efforts to alleviate the hardship suffered by Nigerians as a result of inadequate power supply in the country,” he added.

Finagestion managing director Marc Alberola stated that the company was excited by the prospect of helping the Nigerian government to light up the country. He expressed optimism that with their achievement in some West African countries, they could bring their expertise to bear in Nigeria.

Symbion Power counterpart Paul Hinks stated that all was now set to bring the technological know-how of the United States to deliver sustainable power in Nigeria.