China Engineering Corporation (CEEC) secured a contract to build a 400 MW combined cycle plant in Nigeria. The facility which will be built in Sagamu (Ogun state) is estimated at $550 million, but the contract’s value was not disclosed.

Under the terms of the agreement, the Chinese company will be charged with the development, material’s acquisition and construction of the plant. “Energy China is leading the financing of the project with strong support from International banks in China,” said Samuel Marcus, the CEO of Sagamu Independent Power Plant (SIPP).

The company expects to raise the required money by Q3 2018 and commission the plant by 2020. The construction works will be carried out in two stages. During the first stage, a 250-MW plant will be built and during the second stage, it will be extended to 400MW.

Gwladys Johnson Akinocho