O&G Exhibition in Africa O&G and P&E Exhibitions in Africa P&E Exhibition in Africa
Back To Home

Buhari finally grants guarantee for stalled Azura power project

Construction work on the 500MW Azura thermal power plant in Edo state is expected to commence next month, after the intervention of President Muhammadu Buhari in what analysts say is an indication of his stance on private sector investment with regard to pushing his economic agenda, BusinessDay reports.

Work on the site had been stalled when former president Goodluck Jonathan failed to accede to a request by institutions funding the project, including the World Bank, for the waiver of Nigeria’s sovereign immunity to further de-risk the project. Senior government officials had consistently declined to grant the request, arguing that there was no ground for the government to leave open the window to potential litigation in the future.

However, following representations made to President Buhari once he took office, he called for the papers, and having reviewed them, the president directed the vice president and the solicitor-general to sign the documents.

Governor Adams Oshiomhole of Edo state confirmed the resolution of the matter and described the development as a significant breakthrough worth celebrating.

Source : energymixreport.com/
Posted On: 8/6/2015 12:00:00 AM

Exhibitions in Africa

Advertisements

Place Your Add here
gautamsolar
geothermal_association
tcpak.com
INMESOL POWER SOLUTIONS
Oilserv Limited
POWERSPOT
cargostore.com
Energy environment Engineering

Support

Ask your questions by e-mail: here

OGPE Africa

© 2014-2021 | OGPEAfrica © All rights Reserved
Sitemap | Imp_Links | Media Partners

OGPE AFRICA is an industry leading and most reliable directory, news and trade fair information website for power, energy, oil, gas, coal, nuclear, wind, hydropower and solar sector in Africa. OGPE Africa helps you find suppliers, contract tenders, importers, exporters, buyers, sellers, distributers and manufacturers of petroleum and fuel products, connected plant, distributed energy, pipeline and drilling equipment, power plants equipments, oil well equipment, emergency equipment and vehicles, drilling tools & cables, wires, transformers across Africa in Kenya, Uganda, Tanzania, Nigeria, Ghana, South Africa, Ethiopia, Egypt, Mozambique, Zambia, Zimbabwe, Angola, Morocco, Senegal, Rwanda, Congo.

Get In Touch