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Power Purchase Agreement
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).
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.
The Federal Government has signed Power Purchase Agreement (PPA) with Mabon Nigeria Limited, which is currently executing 40 megawatts hydro-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).
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.
Alhaji Suleiman Zarma, the Minister of State, Power, Works and Housing, said that the Federal Government was committed to timely completion of the Lagos-Ibadan Expressway.
The House of Representatives, on Thursday, voted against the Bill for an Act to Establish the Nigerian Peace Corps.
Hollywood movie star, Morgan Freeman, apologized Thursday over reports that multiple women accused him of sexual misconduct.
The Federal Government has outlined a four-day activities to mark the 2018 Democracy Day, from May 25 to May 29.
Some armed policemen allegedly invaded the Arogbo community in Ese-Odo Local Government Area of Ondo State on Thursday, shooting into the air.
Paris Saint-Germain president Nasser Al-Khelaifi has fuelled speculation of a summer transfer for Neymar by stating that "nothing and nobody is bigger than the club".
A Syrian engineer who was abducted last week by unknown gunmen in Sokoto state in northern Nigeria has been released, the police said on Wednesday.
Cazorla has two FA Cup winners' medals from his time with Arsenal and scored in their 3-2 cup final win over Hull at Wembley in 2014
The Independent National Electoral Commission (INEC) says 174,198 Permanent Voters Cards (PVCs) are ready for collection in Borno.
Legal luminary and human rights activist, Mr. Femi Falana (SAN), on Thursday, thanked President Muhammadu Buhari for his birthday wishes and prayers as he turned 60 on May 20.