Nigeria has not been left out of recent deals struck on the platform of President Obama’s Power Africa Initiative as a group of four American companies have indicated an interest in making investments in the power sector to the tune of $212 million.

The four companies, whose huge investment is expected to contribute 100 MW from Renewable Energy sources into the national grid by late 2015, are Global Business Resources USA, FlatBush Solar USA, Global Resources Network USA, and Charbourne & Parke, LLP USA.

Mr James Nicholas, Executive Partner of Global Business Resources USA, and leader of the group declared this intention at a meeting with the Executive Secretary of the Nigerian Investment Promotion Commission (NIPC), Mrs Saratov Umar, revealing that the group visited Nigeria to facilitate energy deals in line with the Power Africa initiative.

The NIPC is central to the success of the proposed investments because of its government-given mandate of encouraging, promoting, coordinating and monitoring all investments in the economy.

He added that the group was already engaged in discussions with the Abuja Distribution Company and planned to visit Kano to hold talks on the necessary logistics including where to float the project.

Lastly, he declared the group’s desire to facilitate multiple rural electrification projects across the country in order to positively impact on the rural citizenry and secure other infrastructure.

Mrs Umar welcomed their intentions and promised that the commission would provide the necessary support and play its own role in ensuring the smooth take off of the planned projects.

By Emmanuel Iruobe