• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

Africa’s Wealthiest Man Eyes Stable Production With $250m Coal Plants

17/08/2014
Reading Time: 1 min read
405
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

Africa’s leading manufacturing company, Dangote Group is investing $250 million to build coal plants that will help address the low supply of gas and LPFO (black oil) which it said is affecting its business operations in Nigeria.

Group Managing Director (GMD) of Dangote Group, Devacumar Edwin said the company is taking this alternative route because empirical evidence shows that “there is really not going to be major improvement” in the country’s gas and LPFO supply situation in years to come.

Despite the large clusters of gas reserve in Nigeria, the company said there has been short supply of gas and LPFO (Black oil) for the past six months.

The Company said the unreliable energy supply has necessitated a high cost alternative – importing fuel to power its plants. Meanwhile, the coal needed for the new plants will be imported from South Africa.

Dangote has already placed an initial order of 30,000 tonnes of coal from South Africa, the continent’s second largest economy. Edwin said the coal plants will be used to power its cement plants in Ibesse, Gboko and Obajana.

A 54 megawatts coal-base power plant is already in place at the Gboko plant in Benue State. The company is currently working towards installing equipments and mills at Ibesse and Obajana plant in Kogi State.

Edwin however pointed out that importing coal from South Africa is a temporary measure as the group is already looking into investing in the coal industry, a largely untapped sector. The group has begun exploring opportunities for local coal mining.

Previous Post

BoG outlines roadmap to cash-lite economy

Next Post

Five Things Africa Must Learn From The Ebola Outbreak

Related Posts

carbon emissions

Ghana Begins Receiving Payments for Reducing Carbon Emissions in Forest Landscapes

30/01/2023
Employers and employees

The silent war between employers and employees will have no winner 

27/01/2023
Electric cars in Africa, ghanatalksbusiness.com

Africa’s push for electric vehicles

24/01/2023
Functioning dddress system, ghanatalksbusiness.com

The next “AMAZON” in Africa will need a Functioning Address System

23/01/2023
Catalyst fund, ghanatalksbusiness.com

Catalyst Fund announces $2 million investment into 10 startups accelerating Africa’s adaptation and resilience to climate change

20/01/2023
shifts in globalisation

Globalisation Redefined as Manufacturing Moves Closer to Home

20/01/2023
Next Post

Five Things Africa Must Learn From The Ebola Outbreak

Fuel shortage: BDCs blame banks for payment delays

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2021 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2021 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In