IFC and Alten-led consortium to develop 120MW PV plant in Nigeria

Posted on :Tuesday , 29th December 2015

International Finance Corporation (IFC) and Alten Middle Band Solar One have agreed to jointly develop a 120MW solar photovoltaic power project in Kogi State, Nigeria

Alten has signed the agreement with a consortium of power plant developers such as Green Continent Partners Holding B.V. and Nemoante.

The Kogi State plant will supply power to around 175,000 individuals as well as industrial clusters. “Under the agreement, IFC InfraVentures and IFC’s Global Infrastructure Project Development Fund will provide development funding and commercial and technical support to a developer consortium to co-develop the solar power project via the Middle Band Solar One project company,” said the company.

Touted as IFC’s first solar project in Nigeria, the Kogi State plant is expected to allow Nigeria to fast-track its strategy of diversifying its energy mix, said IFC country manager Eme Essien Lore.

Expogroup

Expogroup is a full service exhibition organiser with over 28 Years experience in International trade exhibitions. Our current portfolio includes 28 annual exhibitions from a diverse range of industries being held across the Middle East & Africa.

Facebook

EXPOGROUP