G20 Summit: Indian power company, SkipperSeil Ltd. to invest $1.6bn, generate 2000MW for Northern Nigeria in 4 years
Oredola Adeola
SkipperSeil Limited, a leading Indian power transmission and distribution company, has announced its plan to invest $1.6 billion in power generation through the establishment of twenty 100MW power plants across Northern Nigeria and generate 2000MW of new power within four years.
Jitender Sachdeva, founder and Group President of Skipper Seil Group made this announcement on at the Nigeria-India Presidential Roundtable and Conference held in New Delhi, the Indian capital, on the second day of President Bola Tinubu’s visit meeting with Nigerian and Indian captains of industry on the sidelines of the G20 Summit.
According to statement by Chief Ajuri Ngelale, official spokesperson & special adviser the President, the new investments will lead to the establishment of twenty 100MW power plants across Northern Nigeria. He disclosed that the aim is to generate 2000MW of new power within four years.
EnergyDay gathered that the investment is expected to boost Nigeria’s power sector, which has been struggling with inadequate power supply for years.
SkipperSeil Limited is not the only Indian company investing in Nigeria’s economy. Bharti Enterprises and Jindal Steel and Power Limited have also pledged $1.6 billion and $3 billion, respectively, to build power plants and other infrastructure in Nigeria.
In total, four Indian conglomerates have committed to investing $14 billion in Nigeria.
Jitender Sachdeva’s announcement is a significant development for Nigeria’s power sector, which has been plagued by inadequate power supply for years.
EnergyDay gathered that Mr. Sachdeva has helped Skipper Seil Group expand its business in Nigeria and other countries. Under his leadership, Skipper Seil Group has touched new heights and achieved significant growth. The investment is expected to create jobs and improve the country’s economic growth.
