$1bn to be invested in 540Mw Qua Iboe power plant – Chairman

Alhaji Muhammadu Sanusi II, the Emir of Kano and Chairman, Qua Iboe Power Plant Limited (QIPPL), says one billion dollars is to be invested in the Power plant in a partnership involving Mobil Producing Nigeria.

Sanusi said this when he paid a courtesy call on Gov. Udom Emmanuel of Akwa Ibom in Uyo on Thursday. He said that the power plant, when completed, was expected to add 540 megawatts of electricity to the National Grid.

The QIPPL chairman expressed optimism that with the multi-billion investment in the gas project, other firms would be attracted to the state. He said that the project would boost the economy of Akwa Ibom and the country as well as create jobs for the teeming youths.

Source: The Guardian

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