Nigeria: FG signs MoUs with two investors in renewable energy, credits Buhari for improved power supply


The Federal Government of Nigeria has signed Memoranda of Understanding (MoUs) with two indigenous investors in the power sector – Messrs. New Horizons Energy Resources and Quaint Global Energy Solutions who are interested in renewable projects, especially Solar, Biomass and Thermal Plant respectively.

Permanent Secretary, Power, Amb. (Dr.) Godknows Igali who spoke at the event in Abuja urged them to leave no stone unturned in the quest of ensuring uninterrupted power supply to Nigerians during his tenure.

According to a statement of the ministry’s Deputy Director (Press), Timothy Oyedeji, the Permanent Secretary linked the steady improvement in power supply recently experienced in the country to President Muhammadu Buhari who had charged Power Sector actors to redouble their efforts.

He said that the recent increase in power supply is not as a result of rain, as speculated in some quarters, as marginal improvement from our hydro cannot be responsible for this fact, but as a result of increase in gas supply to the thermal plants, adding that our Anti-Vandalism Campaign was also yielding positive results.

To sustain this trend, the Permanent Secretary said the present administration is determined to look in the direction of renewable, hence more emphasis will be placed on solar energy source.

He reasoned that with clusters of solar plants built across the country, technical losses occasioned by hauling of energy over long distances will be reduced, as just this renewable source can be deplored effectively. Captive Power in embedded manner will also be available to Discos at the distribution levels.

He commended these companies for working with the Ministry and the Government in the development of mini power generation and micro grid, insisting that all these efforts will translate into power stability and reliability.

Igali announced that the Transmission Company of Nigeria was working on those critical corridors that would enhance the nation’s transmission capacity, enough to evacuate all energy to be produced now that more gas will be available to the thermal plants.

Seun Solesi, of Quaint Global Energy Solutions, informed the Permanent Secretary that his company would enjoy a grant of 1.3 million USD from the Obama Power Africa Initiative’s United States Trade Development Agency to carry out feasibility studies for its 50MW Solar Powered Plant in Machiok, Kaura L.G.A, Kaduna State. He said with these foreign partners the project would start in earnest on the land of 150 hectares approved by Governor Nasir El-Rufai.

The representative of New Horizons said when their project come on stream, Nigerians will be recruited and trained in the U.S, while local materials for building the plant would be sourced within.

He said the plan of his company is to build 100MW Solar Power plant in Nasarawa State, 300 – 400MW of Biomass in Cross River and 300MW of Thermal in Rivers.

The Legal Adviser of the Ministry, Mrs. Adetutu Shoetan said that since the deregulation exercise began a number of serious companies and investors had shown interest, she said the projects captured in the MoUs are to be fully funded by the investors, and they are also expected to train Nigerians thereby creating jobs for the nation’s teaming youths.

By Adesanya Alao[WorldStage Newsonline]