₦airaland Forum

Pan Africa Solar said it had signed the nation’s first
Solar Power Purchase Agreement with the Federal
Government with a plan to invest $146m in building
a new power plant.

The firm said the 75MW solar photovoltaic power
project in Katsina State would sell power for a tariff of 11.5 US cents per kWh and would be inaugurated in 2017.

According to a statement, the signing of the
agreement was carried out in the office of the
Nigerian Bulk Energy Trader, where the special guest of honour at the groundbreaking ceremony, Vice-President Yemi Osinbajo, was represented by Mrs. Lolade Abiola of Sector Lead Solar and Access
Advisory Power Team, Office of the Vice-President.

The firm said once inaugurated, the 75MW solar
project would be the largest of its type in sub-
Saharan Africa (excluding South Africa) and would
provide power for 1.1 million Nigerians.

It said it would also generate employment for over
500 Nigerians during the 12-month construction
period, adding that more than 40,000 new jobs
would be created from the additional economic
activity stimulated by the power plant.

The Chief Executive Officer, Pan Africa Solar, Mr.
Marcus Heal, was quoted to have said, “We are
delighted that the Federal Ministry of Power is
pushing ahead with its solar energy policy. This tariff
has been achieved through harnessing lower
construction and lower solar panel prices and the
commitments of the project’s lender.”

Also speaking, Justin Woodward of JCM Capital, a
Canadian private equity firm, who are co-developers
in the project, said “This is the start of a solar
revolution in Nigeria.”

Pan Africa Solar said it was developing a 1,000MW
portfolio of solar projects in Nigeria and planning to
bring more than $1bn of investment over the next
five years.

According to the statement, the sponsor group for
the project includes Pan Africa Solar and JCM Capital
and the African Finance Corporation. The FMO is the
lead arranger of debt raised from the development
finance institutions including DEG and Proparco.
The project is also receiving support from the World
Bank, Power Africa and MIGA, according to the
statement.

punchng.com/firm-build-75mw-solar-plant-nigeria/

Hmm
Laudable
But
Why
Not
In
Bayelsa

Northernization
Agenda

kayfra: and idupaul: pls take note.

MeAboki:
kayfra: and idupaul: pls take note.

Now that's more like it and not that hobbyist setback you described and applauded the last time with your reasoning intent on glorifying crass mediocrity and honoring the installation of a chaotic order that northerners like you love to see as a result of the Joy they derive when others suffer.

DEXTROVERT:
Hmm
Laudable
But
Why
Not
In
Bayelsa

Northernization
Agenda

not even Bayalsa
How about rich places or developed places like Lagos... Port Hacort... or even akwaibom.how much is kastin generating for Nigeria..this government is a total falure

MeAboki:
kayfra: and idupaul: pls take note.

Better

DEXTROVERT:
Hmm
Laudable
But
Why
Not
In
Bayelsa

Northernization
Agenda

So you can blow it up like the arsonists you guys are.

It is simple logic that major solar infrastructure will be sited in the North because there is better supply of sunlight there being a substantially sparse and arid region. Compare mangrove and desert regions and you'd see there's more sunlight in the desert which translates to higher solar energy supply.

Naturally of course, there are more life forms and human activity gravitating towards areas with higher water supply and vegetation but in this case, Nigeria is an anomaly. We actually are led to believe and plan under the assumption that the North is more populous than the South because of land mass but that is story for another day...

kayfra:
So you can blow it up like the arsonists you guys are.

Remind me again the favorite tool of destruction deployed by boko haram, ISIS and the generality of muslim terrorists who are ur kith and kin? If u had a basic understanding of Solar energy and its operation, you would have had no need for your ignorant statement.

idupaul:
Now that's more like it and not that hobbyist setback you described and applauded the last time with your reasoning intent on glorifying crass mediocrity and honoring the installation of a chaotic order that northerners like you love to see as a result of the Joy they derive when others suffer.

You started making sense and suddenly lost it to bigotry - I pity your life

Chai some people in naija no get sense at all. Complaining about a solar power station sited in the north when the north gets more sunlight than the south. Foolishness and hatred will not allow Nigeria to progress

freeze001:
Remind me again the favorite tool of destruction deployed by boko haram, ISIS and the generality of muslim terrorists who are ur kith and kin? If u had a basic understanding of Solar energy and its operation, you would have had no need for your ignorant statement.

Straw man argument. Your reputation for wanton destruction precedes you.

kayfra:
Straw man argument. Your reputation for wanton destruction precedes you.

Quit the dullness please, it's nauseating. Is it too much to ask that u display even d most basic of intelligence?

freeze001:
Quit the dullness please, it's nauseating. Is it too much to ask that u display even d most basic of intelligence?

It's a happy time when you crown yourself king of the el stupidos. But why am I not surprised? It's in your genes. All you do is blow stuff up

Destructive lots

blackbreed25:
not even Bayalsa
How about rich places or developed places like Lagos... Port Hacort... or even akwaibom.how much is kastin generating for Nigeria..this government is a total falure

Are you this ignorant? Why sight a solar powered project In the rain forest when you have abundant sun in the north. Haba try and be reasonable in your analysis small now .