Kuber Power Limited (KPL) and Nasarawa State Government have signed a power purchase agreement (PPA) with the aim of boosting power supply in the state. The PPA which was signed on May 8, 2018 in Lafia, Nasarawa State, is based on the Nigeria Electricity Regulatory Commission’s (NERC) Eligible Customer Policy which allows licensed generation company to access underserved customers and also promote the rapid expansion of power generation capacity.
Under the PPA, Nasarawa State Government is expected to pay only N1.5 million to the Transmission Company of Nigeria (TCN) as a Market Operator. Nasarawa State Government has also accepted KPL’s Proposal to be a 2.5% equity shareholder in the KPL’s $300 million 200mw solar power plant to be located on Shendam Road, Lafia, Nasarawa State, which KPL said will be the biggest solar power plant in Africa next to the Mohammed bin Rashid Solar Park in United Arab Emirates (UAE).
According to a statement issued by Kuber Power Limited and signed by its managing director/chief executive officer, Mr. Bowie O. Atuah, KPL will solely fund the project from inception to commissioning. The statement added that KPL is expected to be on site within seven weeks after the signing of the PPA and is targeting the commissioning of the power plant in record time.
The project which will involve the procurement of 400 hectares of land, the statement said, will provide jobs for 1,500 workers during construction and 600 during operations. It will also provide energy, water, sanitation and healthcare for the host communities through its corporate social responsibility programmes. According to Atuah, the project is also expected to result in an improvement in Nasarawa State internally generated revenue (IGR).
Speaking on the project, chairman of Kuber Power Limited, Colonel (Rtd.) Raj Kalra, commended Nasarawa State Government for the collaboration and promised to place the 200mw solar power project on top priority and expand to every house, street and any interested party that require power for progress, while Mr. Bowie Atuah, CEO of Kuber Power Limited promised that all hands will be on deck to make sure that the project comes on stream at the earliest time possible.
KPL is a Nigerian entity with the sole purpose of the development, construction and operation of solar PV Hybrid, Combined Circle Energy facility in Nigeria. It is made up of Kuber Power Africa (KPA) and Bowie Hertz and Company Limited (BHCL).