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US Energy Firm to Partner Nigeria on Solar Plant Venture

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A US-based renewable energy power firm, Motir DuSable Power Investment Limited, is planning to build 300MW solar plant in Enugu State. This project, which is estimated at about $200million will inject 100mega watts of power into the national grid, which will subsequently be increased to 200MW in the second phase of the project.

The drivers of the project 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.

The chairman of the firm, Mr. Emmanuel Irono, revealed this, saying “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 explained, adding that “Depending on the capacity, we can do as they allow us but our partners are willing to consummate the project.”

Benefits of the gigantic project will include bringing “more jobs, more opportunities, 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 hundred percent to enable us fund this project.”

 

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