Notore , foreign firm to build 500MW plant
Notore Power Limited (Notore Power), an indigenous independent power producer (IPP), has just signed a Memorandum of Understanding (MoU) with ContourGlobal to develop, construct, finance and operate a gas-fired power station. The plant would have an available capacity of 500 MW at its existing facility at the Notore Industrial Complex in Onne, Rivers State, Nigeria.
The plan is to sell the electricity generated by the plant to the Nigerian Bulk Electricity Trading PLC. The signing took place in Abuja.
ContourGlobal is an international power generation company with power generating assets of more than 3000 MW in operations or under construction in 15 countries on four continents.
Chief Executive Officer and Managing Director of Notore Power , Mr Femi Solebo, expressed delight at the official commencement of the project through the signing ceremony.
He said: 'We are delighted at today's event. This marks the commencement of change in Nigeria. We are committed to enhancing the quality of lives of Nigerians and electrical power is definitely of serious need in our nation today. We are happy to be partnering with ContourGlobal, a world-acclaimed and trusted organisation and we are confident that this project would be delivered as promised'.
President and Chief Executive Officer of ContourGlobal, Mr Joseph C. Brandt, Said:'ContourGlobal has always given special consideration to Africa since its creation in 2006.'