The move to ensure steady electricity supply in the country has received a boost as Cummins Cogeneration Limited and Sapele Power Plc have signed a Power Purchase Agreement in London, the United Kingdom.
The Chairman, Cummins Cogeneration Limited, Mr. Deepak Khilnani, said the pact was part of the company’s plans to build one of Africa’s largest gas-fired power plants of 300 megawatts capacity.
Khilnani expressed hope that the synergy between the two firms had the capacities that would deliver a clean and sustainable long-term solution for Nigerians and that the plant would distribute electricity generated directly to the Nigerian Bulk Electricity Trading Plc.
The Chairman, Sapele Power Plc, Anthony Onoh, said, “The project will be split into two phases; the first phase is expected to be completed and exporting power by July 2016; and the second phase is for inauguration by December 2017.
Upon completion, the project will supply approximately three billion kilowatt-hour of electricity to the Nigerian grid per annum, which is approximately 10 per cent of the total production today.