Home Business Energy Globeleq completes share transfer in Nigeria’s C&I business

Globeleq completes share transfer in Nigeria’s C&I business

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Globeleq, a leading independent power company in Africa, has announced the transfer of its ownership interest in Globeleq Power Solutions Nigeria (GPSN) to Clean Energy Holdings Limited (CEHL). This, it said, followed a review of its strategy and portfolio.

According to a statement by its Director of Communication and Government Affairs, George Cazenove, the transfer relates to a group of assets which serve commercial and industrial customers mostly in Nigeria’s southwest region.

Globeleq and CEHL have worked closely together to complete the transfer, with minimal disruption to the GPSN business and its customers, the statement explained.

Globeleq is the leading developer, owner and operator of electricity generation in Africa. Since 2002, its experienced team of professionals have built a diverse portfolio of independent power plants, generating more than 1,500MW in 14 locations across six countries, with a further 722 MW in construction and more than 2,000 MW of power projects in development including further opportunities in Nigeria.

The Clean Energy Group is a pioneer in the development of sustainable energy delivery in the Nigerian market with significant investments in natural gas utilisation and solar hybrid installations. It has delivered over 450 MW of power plants in the past 20 years in multiple locations throughout Nigeria.

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