Africa50, the infrastructure fund for Africa, has signed a
joint development agreement (JDA) for an 80 MW (AC) solar photovoltaic
independent power project in Nigeria. The project, near Dutse in Jigawa state,
will be co-developed with Scatec Solar, a Norwegian integrated independent
solar power producer, and Norfund, the Norwegian Investment Fund for Developing
Countries.
The project includes the construction of a dedicated 132 kV
overhead transmission line that will connect the plant to the Dutse substation.
The electricity will be sold to NBET, Nigeria’s bulk purchaser of electricity,
under a 20-year power purchase agreement. Under the JDA, Africa50, Scatec
Solar, and Norfund commit their resources and funding to complete the
development phase of the project and prepare it for financial close.
Benefiting from excellent irradiation, the plant will help
to alleviate Nigeria’s significant power deficit and diversify the country’s
energy mix. This will improve energy security and provide more reliable
electricity to businesses and households, contributing to Nigeria’s sustainable
economic growth and greenhouse gas emission reduction objectives.
Africa50 is an infrastructure fund owned by African
governments, the African Development Bank and institutional investors. Its
mission is to mobilize long term savings from within and outside Africa and
private sector funding to promote infrastructure development in Africa.
No comments:
Post a Comment