The Nigerian Bulk Electricity Trading Plc (NBET) on Monday signed pacts with 12 firms who are to construct solar power plants in eight states and generate a cumulative 975megawatts (mw) into the electricity grid, Daily Trust reports.
Speaking after signing the Power Purchase Agreements (PPAs) in Abuja, the acting Managing Director of NBET, Mr Waziri Bintube said the massive solar investment is a revolution in terms of diversifying the energy mix due to the present constraints on gas supply to the thermal stations across the country. Mr. Waziri said 10 of the firms have foreign developers who are willing to bring in about $2million to $2.5billion of Foreign Direct Investment (FDI) into the economy.
Construction of the plants to be sited in Enugu, FCT, Nasarawa, Kaduna, Katsina, Sokoto, Bauchi and Plateau states is expected to happen within 12 to 18 months after their financial close by year end. The power generated on completion will be evacuated into the national grid through the substations to be built at some of the sites, the investors said. NBET said the generated electricity will be fed first into the distribution companies (Discos) where the plants are sited and that it would boost supply across four Discos comprising Jos, Kano, Enugu, and Abuja.
No comments:
Post a Comment