Foreign firm to invest in $1.5bn Enugu Coal Plant

A foreign firm, Green Pheonic Energy International has disclosed plans to establish a coal power plant in Enugu at the cost of 1.5 billion US dollars.

Speaking during his courtesy call on the acting governor of Enugu State, Mr Sunday Onyebuchi, the Chief Executive Officer (CEO) of the company, Mr. Brain Ransom, said the proposed plant would be capable of generating about 200 mega watts of electricity.

According to him, the company will also be involved in water treatment and preservation of food crops, adding that the duration of their operations in Enugu would be up to 30 years.

He stated that before the commencement of their project, they would visit communities in the state to identify their problems and areas of needs.

The Chief Executive further added that the company had visited Lagos and other places in Nigeria before coming to Enugu, stressing that he took delight in the work ethics of the youths in Lagos and Enugu states.

In his reaction, Acting Governor of Enugu State, Mr. Sunday Onyebuchi disclosed that necessary facilities for investment have been provided in Enugu State to lure investors.

Onyebuchi explained that right from the time coal was discovered and United African Company (UAC) established, Enugu had played a major role in the socio-economic development of the country as the capital of Eastern Region, East Central State and today capital of Enugu State.

 
Source: Leadership