Nigeria: More agreements for private power developers

Abuja-based investment holding company One National Energy Platform Ltd has signed a memorandum of understanding with the government for a 500MW coal power plant in Enugu State, the latest in a series of provisional agreements and generation licences issued to developers as part of a US-backed free market model for power sector development in Nigeria.The company told African Energy it expected to reach financial close for the project very shortly. Negotiations on engineering, procurement and construction and operations and maintenance contracts were under way, with signing expected “very soon”.