Energy Briefs
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MOTIR DuSable Power Investment Limited, a US-based renewable energy firm, is to build 300MW solar plant in Enugu State. The first phase of the project, estimated at about $200 million will inject 100mega watts of power into the national grid, which will subsequently be increased to 200MW in the second phase.
The drivers of the project which is a joint venture between two US-based power firms have already signed a memorandum of understanding, MoU, with the federal government of Nigeria to site the project in Enugu State with the goal of making the state the hub for renewable energy generation in sub-Sahara Africa.
Emmanuel Irono, chairman of the firm, made a presentation of the take-off company’s planned project during a performance review retreat of the Enugu State Executive Council meeting with Governor Ifeanyi Ugwuanyi in attendance. According to Irono, “We have a joint venture that would enable us to bring this project to Nigeria and we are licensed and have gone through all the processes and procedure in terms of the power purchasing.
“Also, we have an alliance that can help us go through the various segments necessary for this project to be successful. So, today is the first day that we are meeting with the governor and his executive council members right here in Enugu and we are very pleased that it turned out a positive meeting”, he said.
Also, he stated that the project comes in phases, adding that the first phase would cost about $200 million while the second phase will also cost $200million.
On the gains of the gigantic project, he said: “Our intention is to be able to bring more jobs, more opportunities, and more innovations to Enugu State and to Nigeria. We believe that this will be a fantastic project for job creation and a mission critical for the federal government of Nigeria and Enugu State.
“This is because we can empower Enugu State people to have access to power. If everybody wins, it becomes a win-win situation for all of us. The state will be a collaborating partner in terms of making sure that our investment is safe and that the money we are bringing in is safe. They are not a financial partner. So the money we are bringing in is 100 percent to enable us fund this project.”
Commending the governor for his warm reception and frankness, he said the fact that the governor invited them to the open floor to talk about the project was ‘simply amazing’.
Earlier while declaring the three-day performance retreat for members of Enugu State Executive Council open, Governor Ugwuanyi commended the development partners in the state for their successful contribution towards the actualisation of his administration’s reform agenda.
The governor noted that the retreat was in line with his pledge made during his inaugural speech in 2015 to give the people a new lease of life with regard to good governance, enhanced social services, rural development, improved security, justice, among others.
— Aug 15, 2016 @ 01:00 GMT
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