0
 

Nigeria: Globeleq gains foothold with C&I company acquisition


Issue 431 - 28 Jan 2021

UK-based developer Globeleq announced this month that it has acquired a 74% stake in Nigerian commercial and industrial (C&I) power company CPGNL. CGPNL was owned by Clean Energy Group, which will retain 26% of the company, and used equipment supplied by Cummins. The company will be rebranded as Globeleq Power Solutions Nigeria Ltd (GPSN). GPSN has a portfolio of 12 operating gas power plants with combined capacity of 58MW in the south of the country.

Want to read more?

Medium article

£9

(Access to one African Energy article)

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register