Forte Oil Signs $83m Contract With Siemens

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Nigerian energy firm Forte Oil said on Monday it had signed an $83 million contract with Siemens to upgrade its 414 megawatt gas-fired power plant and that the work would be completed next year.

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Reuters reports that Forte Oil, which also has interests in fuel retailing, was one of several firms to buy government power assets two years ago, sold as part of a privatisation meant to end decades of blackouts in Africa’s biggest economy.

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