Lafarge Africa said on Friday it had applied to Nigeria’s power sector regulator, the Nigerian Electricity Regulatory Commission (NERC), for a licence to generate 260 megawatts of electricity to supply to the country’s grid.
According to Reuters, NERC is licensing so-called embedded power companies in attempts to try to end electricity shortages, one of the biggest constraints to investment and growth in Africa’s largest economy.
A source indicated to Reuters that Dangote is also in discussions with NERC to sell excess electricity generated from its cement plant to the grid.
Lafarge Africa, Finland’s Wartsila and the World Bank’s IFC agreed in September to build a 220 megawatt gas-fired power plant in the country to boost electricity supplies, at a cost of $400 million.
Nigeria is also in talks with Russia’s state-owned Rosatom to build nuclear power plants.