Bulk Electricity Trader, Firm Seal 80Megawatts Solar Plant Deal

The Nigerian Bulk Electricity Trading Plc, NBET, has initiated a Power Purchase Agreement, PPA, with Nova Scotia Power Development Limited, NSPDL, for the development of one of the first solar photovoltaic plants in Nigeria.

The 80 MW power plant, which is to be located in Dutse, Jigawa State capital, is described by stakeholders as a major milestone in Nigeria’s bid to emerge a giant in solar power.

The plant the world is expected to generate an estimated 200,000 MWh of clean, renewable energy per year, enough electricity to power over 200,000 Nigerian households. The project represents an investment of approximately $150 million. It was signed on Monday, July 4, 2016.

“Jigawa State has an excellent solar resource, which will allow us to generate electricity in a cost-effective manner,” Amit Modi, MD of Technical at CDIL, one of the project sponsors said. The project will sell electricity at 11.5 US cent per kWh.

The Nova Scotia Power project has been developed by CDIL, a Canadian renewable energy development company focused on Africa, and Business Process Solutions Consult Limited (BPS), a Nigerian strategic consulting firm.