General Electrics to invest $350 million in Nigeria’s power sector

[unhappycamper]

http://www.rawstory.com/rs/2014/01/31/general-electrics-to-invest-350-million-in-nigerias-power-sector/



General Electrics to invest $350 million in Nigeria’s power sector
By Agence France-Presse
Friday, January 31, 2014 16:22 EST

General Electric has signed a deal with a Nigerian bank to invest $350 million in Nigeria’s ailing power sector, the country’s trade and investment minister said on Friday.

Olusegun Aganga said the deal between the US conglomerate and Stanbic Bank would finance small-scale projects to generate much-needed electricity.

“They are making available the sum of $350 million for the generation of mini-power projects because that is going to be quicker to do and will help the economic activities in the country,” he added.

~snip~

GE signed a memorandum of understanding in 2012 to invest $1 billion mainly in Nigeria’s turbine sector.

[NickB79]

1. It says "turbines", but I don't think this is wind energy they're building

The article doesn't explicitly state anywhere what exactly is generating the energy, but it does state this:

The scaled-down facilities will produce between one and 20 megawatts of electricity.

The reference to "scaled-down facilities" and 20 MW electricity (the largest wind turbines are made by Vestas and have a nameplate capacity of 8MW) makes me think these are actually fossil fuel plants going up.