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Globeleq Relinquishes GPSN Equity To Clean Energy Holdings

by Chika Izuora
3 years ago
in Business
Globeleq
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Globeleq, Africa’s leading independent power company, said that after a review of its strategy and portfolio, its ownership interest in Globeleq Power Solutions Nigeria (GPSN) has been transferred to Clean Energy Holdings Limited (CEHL).

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A statement by the director of Communications and Government Relations, Globeleq, George Cazenove, stated that the transfer relates to a group of assets which serve commercial and industrial customers mostly in the South-West of Nigeria.

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

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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.

It has a further 722 MW in construction and more than 2,000 MW of power projects in development including further opportunities in Nigeria.

On the other hand, the Clean Energy Group is a pioneer in the development of sustainable energy delivery in the Nigerian market with significant investments in natural gas utilization and solar hybrid installations.

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CEHL has delivered over 450 MW of power plants in the past 20 years in multiple locations throughout Nigeria.

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