/ 27 July 2001

ITALY’S ENI PLANS TO BUILD POWER PLANT IN NIGERIA

THE Nigerian subsidiary of Italian oil group ENI on Tuesday signed an agreement with the government to build a 450-megawatt power plant in southern Nigeria, an official statement said. The gas-fired plant, to be built in Kwale in Delta State and expected to cost around $350-million to build, would be expected to come on stream by December 2003. President Olusegun Obasanjo said that the agreement was significant in that it would give Nigeria a reliable power supply. Nigeria’s state-run power company Nepa has under-performed for many years and is incapable of providing constant power throughout the country. – AFP

Tuesday July 24, 2001