GreenWish Partners, a Paris-based independent power producer, will invest $280 million to build solar-power plants in Nigeria that are expected to start producing electricity in the first quarter of next year.

A plant in the southeastern state of Enugu will produce 100 megawatts, while the company will build two others of 50 megawatts each in the northern Kaduna and Jigawa states, Chief Executive Officer Charlotte Aubin-Kalaidjian said in an interview in Lagos. The project will be funded 70 percent through debt and 30 percent through equity and on completion will provide power to 2.5 million people, she said.

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