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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: emaildelivery@businesswire.com X-To: TX-INDUSTRIAL-INFO-RES@businesswire.com X-cc: X-bcc: X-Folder: \ExMerge - Thomas, Paul D.\Deleted Items X-Origin: THOMAS-P X-FileName: paul d thomas 6-26-02.PST Welcome to eMail News Delivery, a service from Business Wire. Here is your Industrial Information Resources Inc. news release. If you have received this in error please send a message to: eMailDelivery@businesswire.com with the following command in the body of the message: unsubscribe TX-INDUSTRIAL-INFO-RES If you have questions about this service, please contact your Business Wire Account Executive or service@businesswire.com BW2478 JAN 28,2002 7:25 PACIFIC 10:25 EASTERN ( BW)(TX-INDUSTRIAL-INFO-RES) Shell and Eskom Get Together in $540 Million Power Boost Project for Nigeria, in an Advisory by Industrialinfo.com Business/Energy Editors HOUSTON--(BUSINESS WIRE)--Jan. 28, 2002--The following is an advisory by Industrialinfo.com (Industrial Information Resources Inc.; Houston, TX). A $540 million contract has been awarded to the Shell Petroleum Development Company of Nigeria (SPDC) for two major gas-fired projects at the Afam Power plant near Port Harcourt. The contract from the National Power Authority (Nepa) is in line with the Nigerian Independent Power Producer Program that is set to break Nepa's monopoly by licensing local and foreign private investors. The contracts to refurbish, operate and transfer the Afam I-IV plant and to lease, operate and transfer the Afam V plant will involve Shell taking over the existing assets in 2002 and operating the Afam power plant for a period of fifteen years. The projects will be undertaken in conjunction with Eskom Enterprises of South Africa who will act as operations and maintenance contractor to Shell. Eskom will handle the daily running of the plant and supervise the overall contract and project management of the construction phase. The Afam power plant currently supplies about 240MW to Nigeria's national power grid. The new investments are expected to make around 400MW available to the Nigerian national grid in 2002, increasing to 930MW by 2004. After the rehabilitation of the existing plant and the commissioning of Afam V, Nigeria's national generating capacity will be increased by 20% which could help to cure chronic outages in a country where only 36% of the population has electricity. Industrialinfo.com provides daily news related to the industrial market place including industry alerts and databases for the energy and industrial markets. For more information on trends and upcoming construction activities for the Energy and Power markets as well as other industrial sectors send enquiries to powergroup@industrialinfo.com or visit us at www.industrialinfo.com or www.iirenergy.com --30--BMD/ho* CONTACT: Industrialinfo.com, Houston Britt Burt, 713/783-5147 KEYWORD: TEXAS INTERNATIONAL AFRICA/MIDDLE EAST INDUSTRY KEYWORD: BUILDING/CONSTRUCTION ENERGY MANUFACTURING OIL/GAS UTILITIES SOURCE: Industrialinfo.com For the best viewing of the news releases please use the following email settings: Courier 10 point. -Notice of Copyright and General Disclaimer- © 2000 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission. - Notice of Copyright and General Disclaimer -- © 1999 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.
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