Mr. Bestman Uwadia, the Managing Director of Afrinergia, one of the 14 large scale solar power firms that are to generate up to 1125 megawatts (MW) of solar power for Nigeria’s national grid, has stated that finally signing a put and call option agreement (PCOA) with the Nigerian Bulk Electricity Trading Plc (NBET) would now give his company the confidence to conclude and commission the solar plant located in Onyi, Kokona Local Government Area of Nasarawa, ThisDay reports.
Uwadia noted that the company could transmit the first ever solar power from its 50MW solar farm into Nigeria’s national grid in the next six months. He stated: “Our project was nominated to the AfDB PRG, we are with the AfDB. We have been on site in the last two and parts of the reasons why we do not have power today is because the documentation processes were not concluded.”
“The PPA was signed last year, the PCOA was supposed to be signed a month after the PPA was signed, and now it has taken over eight months because some of the delays are from documentations. In terms of our calender in power generation, as a company, we are still within our projections and soon in the next six months hopefully, you will begin to see power in the grid,” he added.