Qatar’s CGK Global to build $350mn hydrogen plant in Nigeria

By Newsbase March 6, 2024

Qatari waste management company CGK Global has said it will set up a cutting-edge hydrogen plant in Nigeria’s Kaduna State, with an investment totalling $350mn.

This announcement comes following Kaduna Governor Uba Sani's two-day visit to Qatar alongside President Bola Tinubu, during which various investment opportunities were secured for the state, The Cable reports.

Sani stressed the importance of the trip, focusing on enhancing partnerships with the Qatari government and Qatar Charity. The visit opened up various investment opportunities in line with Kaduna state's development objectives in sectors like mining, health, agriculture, energy, and infrastructure.

“We held fruitful meetings with investors in the areas of solid minerals, agriculture, energy and infrastructure development. CGK Global, a waste management company with capacity to generate hydrogen and electricity, wants to set up a plant in Kaduna with the possible injection of $350mn,” Sani said, as quoted by The Cable.

The hydrogen plant not only promises to address waste management challenges but also holds the potential to generate clean electricity, contributing to the state's energy needs.

Sani added that Abu Dhabi-based companies Masdar and Taqa also expressed interest in collaborating with Kaduna state in the areas of power generation and distribution using gas, while South Korean mining company Pasko Limited, with specific interest in lithium, is also looking for investment opportunities.

Related Articles

Natural gas, helium explorer D3 Energy advances towards production at flagship South African asset

South Africa-focused helium and natural gas explorer D3 Energy on October 30 provided a market update in its quarterly activities report for the period ending ... more

Nigerian court freezes NGX-listed Nestoil's assets over $1.3bn debt claims

Armed police have sealed Nestoil Limited’s Lagos headquarters after the Federal High Court ordered a freeze of the company’s assets over alleged debts amounting to $1.01bn and NGN430bn ($296mn), ... more

Nairobi confirms Kenyan nationals joined Russian forces as recruitment networks draw scrutiny

Kenya has for the first time publicly acknowledged that some of its citizens have been recruited to fight in Russia’s war against Ukraine, following investigative reports detailing how young people ... more

Dismiss