New Generation Power (NGP) and Motir Seaspire have jointly signed a memorandum of understanding (MoU) with the Federal Government of Nigeria to deliver 1,200MW of utility-scale solar photovoltaic (PV) projects in Nigeria.
Scheduled to commence work by 2015, the $2bn PV projects are expected to be fully operational within the next two years.
Under the terms of the MoU, NGP will work closely with Motir Seaspire and the government throughout the planning, financing and construction of the 1200MW solar energy project.
NGP chairman Dr Chirinjeev Kathuria said: “The NGP family hopes that this introductory project will act as a benchmark for continued innovative and environmentally friendly renewable energy projects across Africa that will literally alter day-to-day life for millions of people.”
Meanwhile, the Nigerian government is undertaking projects related works such as identifying and allocating land as well as licensing and other project requirements.
Nigeria Power Minister Dr Chinedu Nebo said: “We must support this project, as it will be in tandem with Mr. President’s long time wish for Nigeria to enjoy its abundant solar potentials especially those in rural areas, as it is envisioned that through a project like this, they would be linked to micro or mini-grid systems.”
The solar projects would deliver approximately 590,400MW-hours of renewable electricity annually which is enough to power over 1 million Nigerian homes.