Railway sector suffers setback as lead investor, GE walks away from $2bn deal
Strong setback has hit the nation’s drive to intermodal transport structure following the surprise pullout of General Electric Co from a long-term concession deal sealed with the federal government. Key parts of the now collapsed financier-concessionaire understanding include maintaining and…
Int’l Consortium led by GE, seals Interim Phase deal with FG on rail concession in US
Following its award of preferred bidder status by the Federal Government in May 2017, an International Consortium last Friday in Washington D.C, signed an agreement to proceed with the Interim Phase of the Nigerian narrow-gauge railway concession. Initiated by General…
GE taps into Nigeria’s gas-fired power segment, plans gas turbines assembly next year
Leading United States multinational energy group, General Electric (GE) has concluded plans to launch a gas turbine assembly plant in Nigeria next year as part of its drive to tap into the growing demand for gas-fired power plants in West…
