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Nigeria - 55 Mw Solar Photovoltaic (PV) Plant, Sokoto - ESMP Summary

05-Apr-2018

Nigeria has been facing acute power shortages for decades due to unreliability of the main power sources. With a population of over 170 million inhabitants, the country has an estimated electric power requirement of 30,000MW; with the current peak power generation in the country at 5,000MW. This represents a significant deficit in energy, which is manifested across the country as limited access to energy, or where available it has a very low reliability and stability. In order to address the acute and consistent power shortages in the country, the Federal Government of Nigeria has taken steps to invest in the energy sector, including fostering sustainable growth by encouraging private investors to enter the buoyant energy market. As part of this process, in 2016, the Nigerian Bulk Electricity Trader (NBET) signed 14 power purchase agreements (PPA) with a number of developers to produce electricity for supply to the national grid to meet the ever-growing needs of the nation.

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