Five new solar power farms are scheduled to be built in north-eastern Nigeria by a consortium of German renewable energy companies, led by Nigus, a solar power firm.
OGN learnt that arrangements on this have been concluded with the Nigerian government through the Nigerian Investment Promotion Council (NIPC).
The five solar power plants will cost the promoters about N183 billion ($600m at N305 to a dollar) to build, and should start operating from the first quarter of 2017.
The NIPC said each of the solar power plant will have an electricity generation capacity of 100 megawatts (MW), bringing the total generation capacity of the five to 500MW.
It also said it was facilitating all the necessary regulatory and operational requirements like the Power Purchase Agreements for the projects.
Speaking to journalists on the sidelines of an event between the council and the consortium in Abuja, the Head, Overseas Operations of NIPC, Mr. Abubakar Yerima, stated that the decision to build the power plants in the north was reached after several meetings with the investors.