Posts Tagged “NBET”

Nigeria: investment firms partner to develop 50MW solar project

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Nigeria: investment firms partner to develop 50MW solar project

February 9th, 2017 by Editor Originally published on Esi Africa A collaboration between Oriental Renewable Solutions and GreenWish Partners, seeks to develop a 50MW solar plant in Northern Nigeria. The consortium released a joint statement last week, which revealed that the 50:50 equity partnership will see both firms working together to develop the solar power…

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Africa50 signs JDA with Norwegian partners for 80MW solar project in Nigeria

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Africa50 signs JDA with Norwegian partners for 80MW solar project in Nigeria

December 19, 2016 By Editor Originally published on energymix report Africa50, the infrastructure fund for Africa, has signed a joint development agreement (JDA) for an 80 MW (AC) solar photovoltaic independent power project in Nigeria. The project, near Dutse in Jigawa state, will be co-developed with Scatec Solar, a Norwegian integrated independent solar power producer,…

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11 solar IPPs post development security to NBET

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11 solar IPPs post development security to NBET

September 15, 2016 by Editor Originally published on Business Day. The Nigerian Bulk Electricity Trading Plc (NBET) on Thursday announced that ten of the eleven Independent Power Producers (IPPs) that executed the Front-Runner Solar Power Purchase Agreements (PPAs) on July 21 have successfully posted their development securities to NBET. A key requirement of the IPP…

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NBET calms solar plant developers fears on payment, transmission issues

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NBET calms solar plant developers fears on payment, transmission issues

September 7, 2016 by Editor Originally published on EnergyMix Report. Following the recent signing of power purchase agreements (PPAs) between the Federal Government and 14 front-line solar developers to generate about 1,125 megawatts through solar plants to the national grid, Waziri Bintube, the acting Managing Director of the Nigerian Bulk Electricity Trading Plc (NBET), recently clarified…

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Operators want independent agency to drive solar power

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Operators want independent agency to drive solar power

August 29, 2016 by Okechukwu Nnodim Originally published on Punch. Operators in the off-grid electricity space have urged the Federal Government to establish a designated agency that will oversee the activities of players in the power market. Off-grid electricity operators, particularly those involved in the installation of solar gadgets through which electricity is generated, stated that…

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Power Africa Initiative trains key government agencies on PPAs, PCOAs

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Power Africa Initiative trains key government agencies on PPAs, PCOAs

August 22, 2016 by Chineme Okafor Originally published on This Day. The Nigerian Bulk Electricity Trading Plc (NBET) and Central Bank of Nigeria (CBN) are currently negotiating new financial stimulus worth N180 billion to support electricity operators in Nigeria’s power sector, THISDAY has learnt. The paper gathered from an exclusive interview with the acting Managing…

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PV Talk: Nigeria’s 20% renewables target could be met just with solar

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PV Talk: Nigeria’s 20% renewables target could be met just with solar

August 15, 2016 by Tom Kenning Originally published on PV Tech. The solar industry has often decried lengthy delays in the West African market. Time periods for signing power purchase agreements (PPAs) can stretch into years and this only makes financing more difficult with extortionate costs of capital from domestic lenders. However, July saw a…

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Embracing Associated Risks in the Burgeoning Solar PV Market

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Embracing Associated Risks in the Burgeoning Solar PV Market

August 9, 2016 by Editor Originally published on This Day. Beyond the federal government’s expressed emotions, Nigeria’s recent approval of an entry feed-in tariff for solar power supply does not foreclose the fact that there are associated risks in the solar photovoltaics technology. Chineme Okafor however examines the country’s readiness for this technology The Nigerian…

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FG to Guarantee 14 New Solar Power Projects with $273m

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FG to Guarantee 14 New Solar Power Projects with $273m

August 2, 2016 by Chineme Okafor Originally published on This Day. The federal government is to provide up to $273million worth of Partial Risk Guarantee (PRG) for the 14 new solar power projects for which the signed Power Purchase Agreements (PPAs) were signed recently, the Minister of Power, Works and Housing, Babatunde Fashola has disclosed….

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Indian EPC Sterling and Wilson to deliver 250 MW of Nigerian solar power

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Indian EPC Sterling and Wilson to deliver 250 MW of Nigerian solar power

July 20, 2016 by Ian Clover Originally published on PV Magazine. The developer will complete 250 MW of solar capacity in Nigeria over the next two-to-three years having been selected as part of a recent push to get 975 MW online. The recent signing of 975 MW of power purchase agreements (PPAs) by Nigerian Bulk…

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