It would create 2,300 jobs and 480,000 multiplier effect Jobs.
he project is expected to provide additional 4,000 megawatts to the National grid
The Nigerian Government, has kicked-off the construction of the General Electric’s (GE’s) $1 billion (about N160 billion) multi-model power manufacturing and services facility in Calabar, Cross River State.
The investment, which involved $250 million capital expenditure and over $800 million incremental spending on local sourcing of goods and services, would create 2,300 jobs, 480,000 multiplier effect Jobs and in addition make Nigeria the regional hub for GE’s manufacturing service and renovation in Africa.
The project is expected to provide additional 4,000 megawatts to the National grid by the end of the year.
President Goodluck Jonathan, who officially laid the foundation stone at the groundbreaking ceremony in Calabar, said by the project, GE has proven to be a strategic partner in the ongoing transformation programme of the Federal Government, particularly in the power sector.
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