Firm to invest $1.5b in Enugu Coal Power Plant

Firm to invest $1.5b in Enugu Coal Power Plant

A foreign business concern, Green Pheonic Energy International has disclosed plans to establish a Coal Power Plant in Enugu at the cost of 1.5 billion US dollars.

Chief Executive Officer (CEO) of the company Mr.Brain Ransom who disclosed this during a courtesy call on the Acting Governor of Enugu State Mr Sunday Onyebuchi, stated that the proposed plant would be capable of generating about 200 megawatts of electricity.

He added that the company would also be involved in water treatment and preservation of food crops while serving as a great source of empowerment and economic development for the people of the state.

Mr. Brian Ransom noted that the duration of their operations in Enugu would be up to 30 years, adding that before commencement of their programme, they would visit communities in the state to identify their problems and areas of needs.

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

He 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.

The acting governor urged the management of the establishment to find Enugu as conducive as the early Europeans, emphasizing that the people are hardworking and hospitable to visitors.

Mr Onyebuchi said that out of the over 400 communities in the state, each have primary and secondary schools, adding that apart from good governance, Enugu has good roads, hospitals, security and other important infrastructures that would enhance investment.

He also noted that the state has the first indigenous university in the country and assured them of the state co-operation in their business bid.