Geometric Power Limited inks 50 Milllion USD Facility with Afrexim Bank

Geometric Power Signs Facility with Afrexim at IATF 2021

We here at Geometric Power Limited are excited to announce that on Monday 15/11/21 a 50 Million USD facility agreement for the operationalisation of the Aba Integrated Power Project was signed with Afrexim Bank in Durban, South Africa.

Our President and CEO of Geometric Power Limited, Prof. Barth Nnaji, acted as signatory while the President of Afrexim Bank Prof. Benedict Oramah signed for the Bank.

The loan facility will support the initial capital required to acquire rights to the Aba Ring Fence Area, complete outstanding construction works and at last, commence operations at the power plant.