How does Gigajoule intend to eliminate the problem of lack of electricity worldwide? Gigajoule Follow Sep 30, 2019 · 1 min read

Within the frameworks of Gigajoule project, we intend to deploy our floating power plants in 3 different regions of Nigeria near the established gas supply infrastructure-Delta, Anambra and Cross River States.

Each of these 3 power plants will supply electricity to the government of Nigeria for 20 years. The duration of the power plants for the benefit of the government of Nigeria may be extended as required by the electricity regulatory Commission of Nigeria.

Multilateral investment guarantee agency of the World Bank provides a partial risk guarantee and secures the Federal government’s obligation to pay for installed and used power capacity for the duration of the power purchase Agreement.

Siemens guarantees production capacity for the entire duration of the project.

More interesting facts about the project Gigajoule and safeguards on our website https://gigajoule.io/.