The yearnings of Nigerians to enjoy stable efficient and reliable electric supply received a major boost yesterday as Messrs Oats-Global Energy Ltd (OGEL) and General Electric (GE) Company (USA) signed a
framework agreement to erect a 740 Mega Watts (MW) natural gas fired combined cycle power plant at Imobi, Ogun State.
The signing ceremony which took place at Transcorp Hilton Hotel, Abuja, had top Executives of both companies in attendance, as Nigeria takes a closer step towards self sufficiency in power generation.
GE had entered into a Memorandum of Understanding (MOU) with the Federal Government of Nigeria (FGN) in March 2012, to facilitate the generation of 10,000 MW of additional power in Nigeria in the next ten (10) years.
Oats-Global Energy Limited, based in Abuja, is a key player in the Nigerian power sector and the Imobi thermal plant (conceived by the company two years ago) is a further testament of OGEL’s commitment towards
contributing to the rapid development of the nation’s power infrastructure.
