Nigeria’s Bulk Electricity Trading Plc, during a consultative forum with the industry stakeholders says it will secure additional 40 Mega Watts of grid distributed electricity for Nigeria.
The meeting which had in attendance representatives of distribution companies across the country, the Nigerian Electricity Regulatory Commission and the Transmission Company of Nigeria, was a pre-cursor towards the finalization of its Power Purchase Agreement with Mabon Hydro Power Plant for 40MW.
The 40 Mega Watts electricity will contribute immensely to strengthening and balancing the National Grid, as the power plant is the only generating plant located in the North East Region of the Country.
Mabon Hydro Power Plant, strategically located in Dadin Kowa area of Gombe State is a testament to the Government’s drive to commercialize small hydro plants and bring them upstream to ramp up power generation across the Country.
It is also in line with Nigeria’s commitment to the UN COP 26 on accelerate action and support for Climate Change Framework, the Hydro Plant being a clean energy source propels Nigeria towards fulfilling its obligations.
The President Muhammadu Buhari’s administration is committed to reducing carbon foot prints and supporting climate change initiatives. This additional power from Mabon will also contribute further towards reducing the current weighted average cost of power (WACP) within the NBET’s portfolio, as hydro power is relatively cheaper cost of power generation.
The Distribution Companies at the meeting made significant contributions at the meeting, with a commitment to working collaboratively with other market participants towards improving the Nigerian Electricity Supply Industry and enhancing power supply to Nigerians.
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