Under the contract, POSCO E&C will build a 2,500MW gas-fired thermal power plant, called Ebonyi Independent, in Nigeria.
The Ebonyi Independent power plant will be located some 300km south of the Abuja. Work under the contract is expected to be completed in 28 months.
The Korea Economic Daily cited POSCO E&C energy business division head Yeon Gyu-sung as saying, "The potential for the power plant market in Africa is limitless. With the latest order winning as a momentum, we plan to aggressively expand our reach to the Sub-Saharan African market."
The contract is expected to strengthen POSCO E&C’s presence on the continent, which has great potential for market growth
Earlier, the Nigerian government had announced a plan to boost power output to 40,000MW by 2020, Yonaph news agency reports.
