Africa50, the infrastructure fund for Africa, has signed a joint development agreement for an 80 MW (AC) solar photovoltaic independent power project in Nigeria, the African Development Bank (AfDB) has announced.
The project, near Dutse in Jigawa state, will be co-developed with Scatec Solar, a Norwegian integrated independent solar power producer, and Norfund, the Norwegian Investment Fund for Developing Countries.
According to the AfDB, which jointly owns Africa50 with African governments and institutional investors, the proposed project includes the construction of a dedicated 132 kV overhead transmission line that will connect the plant to the Dutse substation.
The electricity will be sold to NBET, Nigeria’s bulk purchaser of electricity, under a 20-year power purchase agreement. Under the agreement, Africa50, Scatec Solar, and Norfund have committed their resources and funding to complete the development phase of the project and prepare it for financial close.
Benefiting from excellent irradiation, the plant will help to alleviate Nigeria’s significant power deficit and diversify the country’s energy mix. This will improve energy security and provide more reliable electricity to businesses and households, contributing to Nigeria’s sustainable economic growth and greenhouse gas emission reduction objectives.
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