Frankfurt — German companies could source green electricity worth around 2 billion euros ($2.3 billion) a year within a few…
Browsing: Power Purchase Agreements
“Guarantees by themselves do not constitute a risk. However, where guarantees are expected to be the primary means of ensuring ongoing contractual payments, they constitute a huge risk to the fiscal sustainability of the federal government.”
A breakdown of the payment details showed that all the Generating companies were paid within the period, while about eight out of the 10 power plants built under the National Integrated Power Projects (NIPPs) and managed by the Niger Delta Power Holding Company Ltd (NDPHC) were equally paid the value on their invoices.
“No government will allow excessive profiteering,” he said as he enjoined businessmen to be thorough, well informed, knowledgeable and follow the law and laid down procedures.
“Our company has set out to build Nigeria’s first solar powered vehicle assembly plant in Akwa Ibom and we are committing half a billion naira in capital fund for this project,” he said.
“We are expecting that at end of the year, our generation capacity will be over 6,000mw by the end of 2016; 10000mw in 2019 and 30,000mw in 2030,” Fashola noted.
A team of solar developers comprising 14 pioneers are collectively expected to generate 1,125MW of electricity, which will be distributed to the grid through a stepped down transmission network to enable them to minimise levels of transmission losses.
The Minister of Power, Works and Housing, Mr. Babatunde Fashola has said that the expectations of Nigerians from the 2013…
Oscarline Onwuemenyi 18 August 2015, Sweetcrude, Abuja – The Nigeria Bulk Electricity Trading Plc, NBET, has revealed plans to reduce…
06 January 2014, Abuja – There are strong indications that the kick-off of Transitional Electricity Market (TEM), which was scheduled for…
