Thursday, 12 November 2015

A $100 MILLION SOLAR PROJECT INVESTMENT IN KADUNA STATE

Access Infra Africa on Tuesday signed a joint development agreement with Quaint Global Energy Solutions to invest in the $100-million ABIBA Solar Project, a 50 MW solar power plant being developed on 150 hectares of the Manchok Ranch in Kaduna State, around 2.5 hours from the Nigerian capital, Abuja.

Access, a Pan-African developer, owner and operator of power assets, said once the project was completed, the plant would generate 82 500 MWh of clean electricity, enough to satisfy the daytime requirement of more than 600 000 Nigerian households.

Speaking at a signing ceremony in Nigeria’s Ministry of Power headquarters in Abuja, Reda El Chaar, executive chairman of Access, said: “We see this project as a gateway to the widespread adoption of renewable energy in Africa’s largest economy, whilst cementing the role of ACF as an innovative platform for turning good concepts into bankable projects.”

The investment was originated by Access through its ‘Access Co-Development Facility’ (ACF) competition, an Africa-focused platform designed to bridge the gap between early-stage renewable energy projects and the resources they require to become operational.


Also speaking at the event was the Permanent Secretary, (Power), Amb. Godknows Igali, who was represented by a Director, Engineer Abayomi Adebisi, said that the Buhari led Administration is determined to guarantee greater access to electricity to Nigerians through solar sources.


Credit:  thewhistlers.ng, pv-tech.org, engineeringnews.co.za

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