Welcome to 9jaflaver


Celebrity News | Education | Fashion | Football Updates | Lifestyle | Funny Photos

Call Only:- +2348143945195 or +2348114624972

You Can Email Us:- 9jaflaver@gmail.com

« | »

14 Companies Partners FG On $1.75bn Solar Power Project – Fashola

14 Companies Partners FG On $1.75bn Solar Power Project – Fashola

The Federal Government on Thursday in Abuja signed a Front-Runner Solar Power Purchase Agreements (PPAs) worth 1.75 billion dollars with 14 companies to build 1125 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.
Also Kvk Power Nigeria Pvt Limited, 100mw located in Yabo of Sokoto state; Middle Band Solar One Limited, 100mw in Lokoja West in Kogi and LR Aaron Power Limited, 100mw in FCT
Nova Scotia Power Development Limited, 80mw located in Dutse; CT Cosmos, 70 MW located in Kaduna West in Kaduna State and Oriental Renewable Solutions, 50mw in Kakowa, Jigawa.
Quaint Abiba Power Limited, 50mw located in Manchor Local Government of Kaduna State and Anjeed Innova Group, 100mw located in Kafanchan, also in Kaduna State.
According to Fashola, the PPAs are the heart and soul of financing the power industry.
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 explained that the era had gone when the country would depend on one source to generate its electricity.
He added that Nigeria sited many of its solar energy projects in the northern part of the country because the area had more sun radiation than other parts.
The minister expressed happiness over the confidence the investors had to invest in Nigeria’s power sector not minding challenges in the industry.
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.
Earlier, Mr. Waziri Bintube, Acting Managing Director, Nigerian Bulk Electricity Trading PLC, expressed happiness that the energy sector was making progress in ensuring that Nigerians had quality and stable electricity.
Mr. Marcus Heal, Managing Director of Pan Africa Solar, who spoke on behalf of the investors, thanked states, Federal Government and other agencies that assisted the investors to succeed in getting their PPAs.
He expressed dissatisfaction with the low rate of the tariff regime in the sector, adding that the investors had expected high tariff in the energy industry.

Source:- pmnewsnigeria


Click Here To Comment On This Post


[Music] DJ Ecool Ft Davido – Ada

[Music] Olamide – Science Student

[Music] Coolboi – Go Down

[Music] Yung L Ft Sarkodie And Jaij Hollands – Pressure

[Music] Soft Ft Davido – Tattoo

[Music] Coolboi – Go Down

[Music] Olamide – Enimimomi

[Music] Sure Boi – Why

[Music] Mr Eazi – Pour Me Water

author image
About 9jaflaver owner (Mr Ejump)

Mr Ejump Is the owner/CEO of 9jaflaver, he's an economist, a loving, and friendly young man. CONNECT via:- FACEBOOK TWITTER

Posted by on July 22, 2016.

Categories: 9ja news

There is love in sharing

0 Responses

Don't Just Read A Post And Go, Comment Below To Make The Post Lively

Do You Have Something To Say? Comment In The Box Below

Your Name Below (Optional)

NOTE:- After Dropping your comment, keep calm, it will take 10 Seconds before it appears.

« | »

Hottest Songs This Week


Hottest Videos This Week


9jaflaver Music Of The Week

Phyno – Isi Ego

9jaflaver music of the week


Valentine Special:-

Johnny Drille – Awa Love

Also check out


Copyright © 2018 9jaflaver
Powered By: 9jaflaver