M a r k e t N e w s
Two solar power plants to be constructed in Nigeria at US$106m
Posted on : Monday , 29th September 2014
Two solar-powered plants are set to be constructed in Kumbotso, Kano state and Karu, Abuja state of Nigeria. The project will require US$106m to fund the construction, and each each solar power plant will give off 50MW.
A consortium of international investors, Global Business Resource of USA this week submitted a proposal to the relevant Nigerian ministry, in which they also propose to carry out Geographic Information System (GIS) mapping for renewables in Ethiopia, Ghana, South-Africa and Kenya; in addition to putting a place the framework to construct the two new solar power plants in Nigeria.
The consortium of international investors are currently in Nigeria for a chat with the government officials on proceeding with the solar power plants deal.
The new solar power project will draw resources from the Obama’s Power Africa Initiative, and will help the Nigeria realize a goal it has set to to have 100% rural electrification in the next five years.
Global Business Resource has pledged to work with the ministry and other government agencies to help the country have adequate power supply.
Discussions about this project to be undertaken in Nigeria came up during a meeting between Minister of Power, Mohammed Wakil, and the consortium in Bridgeport, Miami, USA. The group is set to exploit solar resources in Nigeria to build these power plants.
The minister has also called for the need to exploit oil, wind, biomass, gas and solar resources for power generation, especially that Nigeria is propagating private control as opposed to public control. Nigeria has been struggling to have enough electricity to support economy and is targeting to have 40, 000 MW of power by 2020 and requires the necessary infrastructure for this to happen.
Source : www.constructionreviewonline.com
