The Nigerian Government on Thursday signed a Memorandum of Understanding with Firstgate Business Intermediaries Limited and its South Korean technical partners to construct the 1,000 MW solar power plant in Kogi State in northern Nigeria.
Nigeria’s Guardian newspaper report on Friday quotes the Nigeria’s Minister of Power, Prof. Chinedu Nebo, as saying during the signing ceremony that the government would work towards assisting the investors in facilitating the project, especially on acquiring the Power Purchase Agreement (PPA), Environmental Impact Assessment (EIA) and other documents.
He commended Firstgate Business Intermediaries Limited and its South Korean partners on the feat, urging them to work on delivering the projects within the time frame stipulated in the pact.
He also urged the firm to tap into the huge power technology abounding in South Korea to deliver quality power plant in Nigeria.
He noted that South Korea has abundant solar energy farms and that such could be replicated in Nigeria to power cluster industries with advanced battery storage systems and that such plants require huge financing.
The Chairman of the company, Kelvin Iyke Asogwa, said that the project has buoyant financiers, following collaboration with local banks for the projects.
He disclosed that the company has technical partners from Turkey, who are reputed for their excellence in power projects and that the firm has agreements with foreign partners to train about 74,000 youths in their operating plants overseas, who will then constitute the workforce for the local companies being constructed.