Our Company |   Join Our Club |      

news categories

news per location

November-December 2016

Read our bloggers

Power Plants

  • Directorio de Eficiencia energética

Nigeria to Become the Solar and Renewable Energy Hub for ECOWAS

Jump to the comments

Nigus Investments in cooperation with German renewable solutions provider LTI ReEnergy and support of NIPC (Nigerian Investment Promotion Commission) have concluded plans with the Federal Government to build five 100 MWp solar power plants worth $600 mln in North-Eastern states of Nigeria and aim at setting up the renewable energy hub in Sebore Export Processing Zone in Adamawa State. 

World Bank estimates that Nigeria would require some 20.000 MW to run its economy of 170 million people, but the country can barely generate 4.500 MW . 

"We would like to exploit the enormous potential for solar business in our country and we believe that Nigeria will become the renewable energy hub for ECOWAS (The Economic Community of West African States)" stated HRH Prince Malik Ado-Ibrahim, Chairman of Nigus Investments, "Together with LTI ReEnergy and other partners and significant involvement and support of NIPC we will help our country to reach this goal not only by building solar power plants but also by setting up the whole renewable energy value chain hub in Sebore EPZ".

Continuing on the projects timeline Chris Voet, Chief Sales Officer at LTI ReEnergy expects breaking ground of the first 100MW project in Adamawa State in Q1/2017 and the subsequent one in Q2/2017. "We are honored that we can contribute to the solar boom in Nigeria and joining the renewable energy production hub in the country as it is a part of our 'German heart and local content' strategy" - he added. 

The plans of the cooperation were revealed during the first ever solar event in the country "Nigus-LTI Solar Investment Summit" which recently gathered representatives of the relevant Government Agencies such as Nigeria Electricity Regulatory Commission (NERC), Transmission Company of Nigeria (TCN) or Nigerian Bulk Electricity Trading PLC (NBET) as well as key industry and business stakeholders and national media.

Solar PV | News published on 02 / 01 / 2017 by Rashmi Nargundkar

Comments in this news Add yours

There are no comments. Add your comment

  Other Interesting News

Mongolia’s Vast Renewable Energy Resources Can Power Sustainable Development Industry meets to address municipal, industrial waste and wastewater treatments Suzlon wins 50.40 MW repeat order from a leading power utility. Maetel joins hands with InSolare to offer Solar EPC services in India BC SOLAR Turkey has completed 1.1 MWp PV power plant in EskiÅŸehir.