Nigeria/Egypt: Abraaj backs IPPs
Issue 318
- 25 Feb 2016
| 1 minute read
A $2bn framework partnership agreement signed by Benchmark Power International (BPI) chairman Dr Ahmed Baghat and Abraaj Group partner Neside Anvaripour at the Egyptian government’s Africa 2016 conference on 20 February covers the financial envelope for the development of the first 1,200MW phase of the Motobas combined-cycle gas turbine plant in Egypt’s Nile Delta and the 450MW Geregu 3 plant at Ajaokuta, in Kogi State. Speaking a few days earlier at Energynet’s Egypt Electricity Investment Summit in Cairo, Dr Baghat said BPI had negotiated a gas supply agreement with Nigeria’s Seplat at a regulated price through the gas aggregator.
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