Showing posts with label LTE. Show all posts
Showing posts with label LTE. Show all posts

Wednesday, 24 September 2014

Dangote places order for refinery equipment as FG grants licence

The quest by Africa’s richest man , Aliko Dangote to make an intervention in Nigeria’s long standing fuel supply hiccups is being pursued vigorously with advance orders believed to have been made for equipment  that will be used to build his proposed $8 billion refinery and petrochemical plant in Lekki, Lagos.
It was learnt yesterday that the orders for these equipment were made ahead of government granting a Licence-To-Establish (LTE) a refinery which Dangote received only a few days ago.
The equipment ordered include ‘Long Lead Items’ and a power plant, which ordinarily would take  between 18 and 21 months from time of order to time of delivery.
It is anticipated that these advance orders may cut short the take-off time of the project.
The Dangote Refinery and Petrochemical Plant is scheduled to become