Solar Energy
Oriental Renewable Solutions
(Oriental), an Oriental Group
company, has signed a 20-year,
Power Purchase Agreement (PPA)
with the Nigerian Bulk Energy
Trader (NBET) for the company’s
50MW solar power project in
Jigawa State.
The agreement forms part of a
wider NBET process to sign up PPA
to deliver 1.2GW of additional
generation capacity to the Nigerian
grid through a total of 12 solar
power projects spread across
Nigeria.
Oriental Renewable Solutions was
established to deliver on the
potential that renewable energy
offers Nigeria to address a long-
term power deficit that continues
to hold back economic growth.
The Jigawa project marks the first
project in a broader strategy to
establish a significant footprint in
Nigeria’s fast emerging solar power
generation segment.
The project is expected to be
completed between 18 and 24
months of financial close.
Commenting on the signature of
the PPA, Oriental Group Chairman
Muhammadu Indimi said: “This
marks a major milestone for the
Oriental Group, as we implement
our strategy to diversify into new
areas of the Nigerian economy. We
recognise the importance of power
generation to Nigeria’s socio-
economic development and believe
that Nigeria’s natural resources
extend beyond its traditional
dependence on oil and gas
extraction to include many more
resources that new technology is
making available to us. We hope
that by proving the viability of
renewable solutions in Nigeria, we
can deepen our nation’s long term
capability to deliver the power that
we so desperately need, while
simultaneously delivering much
needed investment across a swathe
of Northern Nigeria.”
Nigeria has installed generation
capacity of 12.6GW, but availability
of considerably less than that, and
average transmission of between 3
and 4.5GW of the last year. This is
further affected by disruption to
gas supply, on which the vast
majority of Nigeria’s power
infrastructure relies. The
development of significant
generation capacity in solar, and
other renewables offers a strong
counterbalance to the vulnerability
of gas production and distribution
infrastructure, while significantly
reducing Nigeria’s long term
carbon footprint.

Advertisements