The Nigerian Bulk Electricity Trading Plc (NBET) on Monday signed power purchase agreements (PPAs) with 12 solar energy firms, ten of which are foreign energy companies, while the remaining two are Nigerian companies.
This project is expected to start from the last quarter of 2016, The solar energy projects worth $2.5 billion will be undertaken in Nigeria that will add 975 megawatts of electricity to the national grid when completed in the next 12 to 18 months.
The Acting Managing Director/Chief Executive Officer of NBET, Waziri Bintube, said this project will be sited in 8 states across the nation, will be based on geographic and economic viability, with respect to solar energy development and deployment to end users.
The states where it will be sited include, Katsina, where 3 solar power will be sited, Kaduna, one and Jigawa one. These states receive high solar intensity throughout the year, and include Katsina.
Others include, Sokoto, Bauchi, Enugu, Nasarawa, and Plateau.
DuSable Capital, is building a solar plant of 100mw in Enugu, at the cost of $150 million.
The company’s co-founder and managing director, Shomik Dutta, said it will provide electricity to 170,000 homes upon completion.
Another company, Afrinergia Power Limited, signed a PPA with NBET for the construction of a 50mw power plant at Kokona in Nasarawa State and they are planning to supply energy from its facility into Abuja using the Apo-Akwanaga evacuation line.Source-Businessday