Nigeria, Canadian firm in $2.3b power deal

 Akinola Ajibade

 

NIGERIA and a Canadian firm, TREDIC Star Core, may sign $2.3billion power deal to boost power generation by 1,652 megawatts(Mw) of electricity.

The firm’s Representative in Nigeria, Mr Abayomi Olushola Falana, who dropped the hint yesterday said the deal will improve generation as well as ensure that 23 micro-power stations are built across the country.

In a statement, he had said the selection of the locations is based on the strategic areas of economic activities, which include heavy manufacturing, mining operation, large-scale agricultural undertaking, industrial clusters, among others.

According to him, the company had earlier written a proposal to the Federal Government on how to roll out 23 small modular reactors (SMR) which will help in producing nuclear energy in the country.

He said, if the deal sailed through, it deal would improve power generation in the country.

The development, Falana said, would enable millions of Nigerians, hitherto denied electricity in the country, to access power for the growth of economic activities.

 

 

 

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