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Nigeria to Provide 150 Megawatts Electricity |
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Thursday, 10 April 2008 |
 Chief Executive Officer of CON Dangote Group has said in Freetown that the
Africa Finance Corporation (AFC) was ready to invest in power generation through
transmission and distribution of up to 100 and 150 megawatts.
Alhaji Aliko Dangote told a press conference Monday that his company would
also invest in ferry service, better helicopter service and port infrastructure.
"We will also assists in providing 3 modern ferry, better helicopter services
and port infrastructure," he said He noted that AFC is a private sector-led
investment bank and development finance institution created to help mobilize and
channel required capital towards driving Africa's economic development.
Dangote said they would be sending a technical team next week to work with
the authorities to start looking at these areas and see how much it would cost.
President and Chief Executive Officer Africa Finance Corporation Austine O.
Ometoruwa said AFC has a paid up capital of US$1.2 billion base to support early
and intermediate stage of the projects.
allAfrica.com:
Sierra Leone: Nigeria to Provide 150 Megawatts Electricity (Page 1 of 1)
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