Wow!!! North To Start Enjoying 24-Hour Electricity [Read How]

Forum 7 years ago

Wow!!! North To Start Enjoying 24-Hour Electricity [Read How]

A group of companies targeted building solar power plants in the north. This was decided after several consideration and it is also in line with President Buhari’s focus for the economy.

A group of German renewable energy companies led by Nigus has agreed to build five solar power plants worth N183bn ($600m) in some North-Eastern states.

The Punch reports that this was revealed by the Nigerian Investment Promotion Council ans that the plant will generate 100 megawatts of electricity.

Mr. Abubakar Yerima who is the head of the overseas operation of the NIPC said the choice of the region was reached after much consideration.

He said:

“After several meetings and agreements, we had a MoU signed in the United Kingdom, which led to the event of today. Nigus is coming with a complete value chain. The LTI Re Energy is part of the investment and this company (LTI) is one of the largest power firms in Europe, it is a German company.

“Nigus is going to start in Adamawa State, because the radiation there is one of the highest in the country. They will set up their solar farm and beside this farm, LTI will set its production line, making it a complete value chain. In each of the places that they are setting up their plants, they will generate 100MW.

“They will start with five locations and then expand; so, we are looking at 500MW for a start. As soon as they get the licences, they will start setting up their plants and the NIPC has met the necessary agencies in the power sector with respect to this. We are now in the final stages of the Power Purchase Agreement being approved.”