Bayelsa Govt, IFDC signs MOU on 5 key projects
Bayelsa State Government and the International Finance & Development Corporation (IFDC) have signed a memorandum of understanding to invest in five different high impact and key infrastructural projects in different parts of Bayelsa State.
The USA-based IFDC is mobilizing funds and resources to invest and finance a 10 MTPA capacity LNG project, 35,000 - 45,000 barrels per day capacity GTL project, 500 MW Gas to Power plant and Deep Sea Port and Port city development projects in the State.
The preliminary estimated total project cost is $17.5 Billion USD.
The President and CEO of IFDC, Mr. Kazi H. Ahmed, mandated Mr. Michael Hartman, from Germany as representative of IFDC to tidy up the investment plan and sign the agreement with the Bayelsa State Government.
Mr. H...