With the US-Africa Infrastructure Conference coming up, Symbion Power CEO Paul Hinks said the conference provides US companies with introductions to African government officials and private sector.
Symbion is new to Africa, but has ventured into Tanzania where it has taken its expertise in power generation plants and transmission and distribution systems. The company owns three thermal power plants in Dar es Salaam, Arusha, and Dodoma with more to follow by 2013. Hinks said, “We currently have 217 MW of capacity and this will increase to 317 MW by the end of the year.”
However, Symbion is looking into Nigeria saying that it was its largest target market and is currently bidding with various local partners to acquire two distribution companies as well as a power generation plant. “We are also working on a green-field development project for a new 100 MW power plant with a Nigerian partner and General Electric.” The CEO added: “Many positive developments have been made there in recent years. American companies should go to Nigeria to see what’s happening these days and use [the conference] as their gateway.”
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