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Greenwish Partners, a Paris-based independent power producer, will invest $280 million to build solar power plants in Nigeria that are expected to start producing electricity in the first quarter of next year.
A plant in Enugu State will produce 100 megawatts, while the company will build two others of 50MW each in Kaduna and Jigawa states, the company’s Chief Executive Officer, Charlotte Aubin-Kalaidjian, said in an interview with Bloomberg in Lagos.
She said the project would be funded 70 per cent through debt and 30 per cent through equity, and provide power to 2.5 million people on completion. “We only take risks where solar makes sense, where it is competitive and where there is political support.
This government is very committed to developing power and renewables, especially in regions where there is no gas available,” Aubin-Kalaidjian said.
