General Electric Co. (GE) has agreed to invest $10 billion in new power plants in Nigeria, that country's power ministry said Monday, Reuters reported on its website.
General Electric Co. (GE) has agreed to invest $10 billion in new power
plants in
Nigeria
, that
country's power ministry said Monday, Reuters reported on its website.
Under terms of a memorandum of understanding, GE will take a 10% to 15% equity
stake in the plants and that GE will join with the government and unspecified
partners after a privatization of
Nigeria
's
power sector, an unidentified spokesman for the ministry told Reuters.
The spokesman did not say in what kind of power stations GE would invest.
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