The Federal Government and the United States of America on Thursday signed two Memoranda of Understanding to build a 1,500-megawatts power plant as well as other infrastructure to boost Nigeria’s power sector.
The accedences, which were as a result of the Power Africa Initiative inaugurated last year by the US President, Barack Obama, were signed at the headquarters of the Federal Ministry of Power in Abuja.
The US Ambassador to Nigeria, Mr. James Entwistle, who signed on behalf of his country, verbalized with the acquiescents, both countries had acceded to collaborate to increment access to and availability of electricity in Nigeria.
He verbally expressed, “In Nigeria, Power Africa fortifies the fortifying of the energy sector through credit enhancement, grants, technical assistance and investment promotions efforts.
“Power Africa is working to mobilise affordable and long-term financing for capital and operational expenditure requisites for the generation and distribution companies to expedite the electricity market development.”
The Senior Vice-President for Africa, Global Edison Corporation, Dr. Peter Nwangwu, verbally expressed that the acquiescent would distribute 1,500MW power plant and solar panel company.
He verbally expressed, “Two MoUs were signed today for Global Edison. For the first MoU, we are building a 1,500MW gas fuelled power station and for the second MoU, we are building a 70MW solar panel manufacturing company in Nigeria, which will be the most sizably voluminous in West Africa.
“The paramountcy of this is that we will be able to now power our rural areas and villages with reliable solar panels that will last for 30 to 50 years. Imported panels have given solar business a lamentable designation, but when congruously designed and installed, they can be virtually maintenance free for 30 to 50 years. And that is what we intend to achieve here.”
On whether the MoU would fixate on just gas and solar potency, Entwistle verbalized, “We are not particularly committed to any one kind of energy. What we are committed to is incrementing the overall vibrancy of the puissance sector. So, we are visually examining solar, gas and others.”
The accedences, which were as a result of the Power Africa Initiative inaugurated last year by the US President, Barack Obama, were signed at the headquarters of the Federal Ministry of Power in Abuja.
The US Ambassador to Nigeria, Mr. James Entwistle, who signed on behalf of his country, verbalized with the acquiescents, both countries had acceded to collaborate to increment access to and availability of electricity in Nigeria.
He verbally expressed, “In Nigeria, Power Africa fortifies the fortifying of the energy sector through credit enhancement, grants, technical assistance and investment promotions efforts.
“Power Africa is working to mobilise affordable and long-term financing for capital and operational expenditure requisites for the generation and distribution companies to expedite the electricity market development.”
The Senior Vice-President for Africa, Global Edison Corporation, Dr. Peter Nwangwu, verbally expressed that the acquiescent would distribute 1,500MW power plant and solar panel company.
He verbally expressed, “Two MoUs were signed today for Global Edison. For the first MoU, we are building a 1,500MW gas fuelled power station and for the second MoU, we are building a 70MW solar panel manufacturing company in Nigeria, which will be the most sizably voluminous in West Africa.
“The paramountcy of this is that we will be able to now power our rural areas and villages with reliable solar panels that will last for 30 to 50 years. Imported panels have given solar business a lamentable designation, but when congruously designed and installed, they can be virtually maintenance free for 30 to 50 years. And that is what we intend to achieve here.”
On whether the MoU would fixate on just gas and solar potency, Entwistle verbalized, “We are not particularly committed to any one kind of energy. What we are committed to is incrementing the overall vibrancy of the puissance sector. So, we are visually examining solar, gas and others.”
