A consortium of American Investors in renewable energy, under the auspices of MOTIR SEASPIRE has signed a Memorandum of Understanding, (MoU) with the Minister of Power, Professor Chinedu Nebo, to deliver in two years, 1,200MW of solar powered electricity in Nigeria.
The proposed solar technology to be installed is guaranteed U.S standard, assuring that the consortium, have the capacity to increase the scope of project up to 10,000MW in the next 5 years.
At a brief ceremony in Abuja, President and CEO, MOTIR SEASPIRE, Emmanuel Irono, a Nigerian in Diaspora, said that the team has a portfolio of over 5 billion U.S Dollars that could be accessed over a period of 5 years into its integrated renewable energy projects.
He said that the initial 1,200MW will be realized in the next two years, adding that the local content component of eighty percent Nigerians will make the country the hub of its activities in Africa.
“As a compatriot, the concern for providing employment to the teeming populace will be a plus to the company’s quest for provision of training for the Nigerian workforce in the power sector in general and renewable energy in particular”.