By Alex C
Four American companies have indicated their interest in making investments in Nigeria’s power sector to the tune of $212 million.
The investment from these four companies which is expected to contribute 100megawatts (MW) from renewable energy sources into the national grid by late 2015, include FlatBush Solar USA, Global Business Resources USA, Global Resources Network USA, and Charbourne & Parke, LLP USA.
Mr James Nicholas, Executive Partner, Global Business Resources USA, and leader of the group said the group was already engaged in discussions with the Abuja Distribution Company and planned to visit Kano to hold talks on the necessary logistics including where to float the project.
He added that the group’s desire to facilitate multiple rural electrification projects across the country in order to positively impact on the rural citizenry and secure other infrastructure.
Analysts say that the Nigerian Investment Promotion Commission (NIPC) is central to the success of the proposed investments because of its government-given mandate of encouraging, promoting, coordinating and monitoring all investments in the economy.