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Consortium plans $5bn investment in Nigeria’s power sector

A consortium of Western Investors interested in investing upwards of $5 Billion in the Nigerian Power Sector with a major focus on the renewable energy sector has pitched a proposal to the Minister of Power Engr. Sale Mamman in his office at the Power House Abuja.

The main partner Mr. Ron Verraneault lead the presentation to the Hon. Minister while his other partners linked in via Zoom.

They also intend to deliver 1000MW capacity of Hybrid solar power within 24 Months and partner in grid infrastructure development across Nigeria.

The Minister was joined by his Special Adviser on Policy Mr. Abba Aliyu, his Technical Adviser on Strategic Coordination Dr. Nurain Hassan Ibrahim, the Deputy Director Renewable Energy at the Ministry, Engr. Abubakar and his Technical Assistant on ICT and Digital Communications Abba Balarabe Abdulrahman.

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