Nigerian National Petroleum Corporation and the USTDA signed the grant which will provide the technical, economic and financial analysis necessary for the development of a 1,350-megawatt combined cycle, natural gas-fired power plant in Abuja.
“This USTDA feasibility study will provide the informed analysis needed to address critical energy generation in Nigeria,” said Thomas R. Hardy, USTDA’s Acting Director who signed the grant during the Nigeria International Petroleum Summit in Abuja.
She further noted that the project will “join dozens of other high-profile energy sector projects that USTDA is supporting across the country.”
“This plant will be a critical boost to improve Nigeria’s energy deficit and provide much-needed power for the country,” said Mohammed Mijindadi, GE’s Managing Director GE Gas Power, Nigeria and Anglophone West Africa.
Mijindadi further noted that his company’s role demonstrated its continued support and commitment to the development of the country.
Since 1992, USTDA has funded more than 65 activities in Nigeria, which have leveraged nearly $13 billion in financing. The project advances the U.S. government’s Power Africa, Prosper Africa and Doing Business in Africa Initiatives.
The Agency helps companies create U.S. jobs through the export of U.S. goods and services for priority development projects in emerging economies.
USTDA also links U.S. businesses to export opportunities by funding project preparation and partnership building activities that develop sustainable infrastructure and foster economic growth in partner countries.