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Power Purchase Agreement

KLD commits $550m, targets 1,100MW electricity generation capacity

King Line Development (KLD), a power generation company, said it is committing at least $550million into the construction of Phase One of its power plant in Omotosho, Ondo State, which targets total generation capacity of 1,100 megawatts (MW).

$550m Ondo power plant: PPA will boost investors’ confidence, improve national grid by 550MW

The Power Purchase Agreement (PPA) between Kingline Development (KLD) and Nigeria Bulk Electricity Trading Plc (NBET) for construction of 550Mega Watts(MW) plant valued at 550million dollars will boost confidence of would-be investors in the project.

Federal govt, firm sign power purchase agreement on 40mw

The Federal Government has signed Power Purchase Agreement (PPA) with Mabon Nigeria Limited, which is currently executing 40 megawatts hydro-power project.

Fed govt approves $1.1 billion PPA for Qua Iboe Power Project

The government also approved a Put/Call Option Agreement (PCOA), which NBET and the Ministry of Finance agreed with the project’s investors – the Qua Iboe Power Plant Limited (QIPP).

Our commitment to affordable renewable energy unshaking – Fashola

The Hon. Minister of Power, Works and Housing, Babatunde Fashola, has reiterated the federal government’s commitment to pursuing renewable and low carbon energy at low cost to a logical conclusion in the near future.

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