A US-based renewable energy power firm, Motir DuSable Power Investment Limited, says it is siting a solar power project valued at $400 million in Enugu State.
Mr. Emmanuel Irono, Chairman of Motir DuSable Powerwhile says the solar power project will feed 300 megawatts of electricity into the National Grid.
He disclosed this while presenting the company’s planned take-off of the project during a performance review retreat of the Enugu State Executive Council held at Nike Lake Hotel with Governor Ifeanyi Ugwuanyi in attendance.
The power firm is to generate 100 mega watts of solar energy in the first phase of the project, which will subsequently be increased to 200 mega watts in the second phase, its Chairman said.
“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,” according to Irono.
“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.
He further stated that the project comes in phases, adding that the first phase will cost about $200 million while another phase that will come thereafter would also cost $200 million, “depending on the capacity we can do as they allow us but our partners are willing to consummate the project.”
On the gains of the planned power project for Enugu State, the Motir DuSable Power Chairman said that “our intention is to be able to bring 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,” he said.
Speaking earlier while declaring the 3-day performance retreat for members of Enugu State Executive Council open, Governor Ugwuanyi commended the development partners in the state for their successful contribution towards the actualization of his administration’s reform agenda.
The governor noted that the retreat was in line with his pledge made during his inaugural speech in 2015 to give the people a new lease of life with regard to good governance, enhanced social services, rural development, improved security, justice, among others.
The drivers of the project, which is a joint venture between two US-based power firms, have already signed a Memorandum of Understanding 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, according to a statement by the project promoters.