Notore, ContourGlobal Plan $600 Million Nigeria Power Plant
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Notore Power Ltd., a unit of Nigerian fertilizer producer, Notore Chemical Industries Ltd., plans to set up a $600 million power plant in the southern town of Onne, the company said.
The 500-megawatt plant will be built jointly with ContourGlobal LP, a New York-based investment company specializing in the electric-power industry, the Onne, Nigeria-based Notore said in an e-mailed statement. Financing will come from export credit agencies and development banks, with local lenders making up the balance, it said.