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FAAN to build IPP

12 March 2013, 16:11

Ikeja - The Federal  Airports Authority of Nigeria (FAAN) said it planned to built an Independent Power  (IPP) plant to generate electricity for Murtala Mohammed International Airport, Ikeja.

FAAN managing director George Uriesi, who disclosed this in Lagos while fielding questions from aviation journalists, said the project would be financed under a public-private partnership arrangement.

According to Uriesi, the plant will be powered by gas and will assist in addressing the shortfall of electricity supply to the airport.

He also said that some Chinese investors would soon start construction of new international terminals in Lagos, Abuja, Port Harcourt and Kano.

Uriesi said FAAN had worked out a new template to attract private investors into the aviation sector.

``We have also convinced the Federal Government on how the investments will be funded within six months of signing any concession agreement,’’ he said.

He said standard facilities would be provided at airports across the country for them to improve their service and meet international standard.

Uriesi said that with the ongoing remodelling of airport terminals, FAAN would ensure that only serious-minded players are allowed to do business in the sector.


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