The Nigeria Government has signed a Front-Runner Solar Power Purchase Agreements (PPAs) worth 1.75 billion dollars with 14 companies to build 1.125 Megawatts(MW) capacity of renewable power in the country. Mr. Babatunde Fashola, Minister of Power, Works and Housing, who signed the documents on behalf of the government, said the agreement was to demonstrate government’s commitment to diversify Nigeria’s power industry.
The minister listed the companies as Pan Africa Solar with 75mw of electricity to be located in Kankia Local Government in Katsina and Nigerian Solar Capital Partners, 100mw located in Ganjuwa, Bauchi state. Others are Afrinergia Power Limited, 50mw located in Kokowa, Nasarawa State; Motir Dusable Limited, 100 MW in Udi, Enugu State and Nova Solar 5 Farm Limited, 100mw located in Katsina State.
Fashola disclosed that before the year 2030, Nigeria would have achieved 30 per cent capacity in renewable energy, adding that Nigeria would invest in renewable power in areas such as Biomass and coal. He assured the investors that the Federal Government would provide them with good investment climate but would not tolerate low standard in the quality of their projects. Read the full story here.