November 14, 2008

Nigeria Awards China Power Plant


The government of Nigeria plans to spend billion$ of its oil revenues on fixing the country's notorious power shortage. Much of that money will go to a Chinese company, ShenZhen Energy Group, according to reports today. ShenZhen Energy will build a 3 MegaWatt power plant in Nigeria and nearly double power generation capacity.

China's soft power diplomacy is paying off. This is an example of how American power overseas does not benefit companies (or citizens) of the USA.
Photo: Nigeria President Umaru Musa Yar'Adua and Chinese PM Wen Jiabao earlier this year.

Labels:


Comments: Post a Comment

Subscribe to Post Comments [Atom]





<< Home

This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]