|Photo credit – nbet.com.ng|
The Federal Government Of Nigeria on Friday, consented to a Power Purchase Arrangement (PPA) with a new power generation firm Kingline Development Nigeria Limited, which has Nigerian and South Korean links, as reported by The Punch.
Dr. Marilyn Amobi who is the Managing Director of the Nigerian Bulk Electricity Trading Plc, secured the PPA on behalf of the Federal Government, while the MD of Kingline Development Limited, Mr. Akinnola Fola, signed on behalf of the organization.
The signing of the agreement is relied upon to infuse an additional 550 megawatts of power into the national grid when the project is completed. The said power project is to be situated in Ondo State.