
Geometric Power, banks, others sign N15bn new agreement on power
Aba Integrated Power Project (Aba IPP) has signed a N15 billion new Transaction Implementation Agreement with its leading sponsors, Geometric Power project companies, pursuant to which Afrigem Integrated Utilities Limited becomes a core investor in the integrated electricity power project. According to the parties, the new Transaction Implementation Agreement is expected to help fast-track the commissioning of the plant to takeoff in November and start the generation and distribution of quality electricity power to the residents of Aba metropolis.