The United States Trade and Development Agency has awarded a grant to NNPC Gas and Power Investment Company LTD (GPIC) to provide the technical, economic and financial analysis necessary for the development of a 1,350-megawatt combined cycle, natural gas-fired power plant in Abuja.
The project will utilize indigenous gas resources to address the growing demand for power in Nigeria’s Federal Capital Territory. GPIC selected the U.S. company Continuum Associates LLC to conduct the study. GE International Operations (Nig.) Ltd will also contribute to the project.
“This is a special day for our two nations and the enduring bilateral relationship that binds together the United States and Nigeria. This outstanding project will now join dozens of other high-profile energy sector projects that USTDA is supporting across the country,” said U.S Ambassador Mary Beth Leonard, who witnessed the signing.
Since 1992, USTDA has funded more than 65 activities in Nigeria, which have leveraged nearly $13 billion in financing. The project advances the U.S. government’s Power Africa, Prosper Africa and Doing Business in Africa Initiatives.