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General Electric (GE) plans to launch a repair and service plant for power turbines in Nigeria. The GE plant would be a multi-use facility to support its clients in the power, oil and gas sector.
Nigeria privatized its electricity sector in 2013, aiming to end decades of blackouts which have hampered economic growth. Most of the plants it sold were gas-fired, operating below capacity due to inadequate gas supply.
Construction work on the plant which is located in the southeastern Nigerian city of Calabar is expected to be completed in December. Operations will start in the first quarter, the company told Reuters by email.
GE has made a bid for a $2 billion railway project to connect Nigeria's northern cities to the south of the country and could expand its plant to include locomotive assembly.