Power generating company Egbin Power Plc set to raise US$1.8bn to increase its generating capacity

NIGERIA – Egbin Power Plc, a power generating company, has announced that it plans to raise the sum of US$1.8 billion in a bid to increase its present generating capacity from 970 megawatts to 1,320 megawatts in its second phase growth plans. The company also plans to export electricity generated through the West African Power Pool with its increased generating capacity. “The plan is to raise the fund to be available to kick off,” the company said in a statement, adding that it is looking at a combination of debt…

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