Around 15 Indian companies, including Tata Power, GMR Group and Adani Power, are among candidates shortlisted by the Nigerian government to participate in the privatisation of power projects of state-owned National Electric Power Authority (NEPA), sources close to the development told ET. Struggling on home ground with multiple issues which have delayed capacity addition, Indian power companies are exploring participation in power generation and distribution projects in Nigeria to fuel their growth despite the civil unrest in the country. Nigeria is in the process of selling a 51% stake in four thermal and two hydro power generation units and 11 transmission projects since NEPA's poor operational and financial performance has deterred capacity addition in the country. "Nigeria is a part of our geographical expansion plan. It has gas reserves and the energy requirement of a population of 15 crore people is a big incentive," said Arun Sen, CEO of Lanco International, an arm of Lanco Infratech.
Source: Economic Times
No comments:
Post a Comment