The Nigerian Bulk Electricity Trading Plc. (NBET) yesterday moved to secure an additional 40 Megawatts of power from Mabon Hydro to boost national grid supply.
NBET in a statement by the Head Corporate Communications, Ms. Henrietta Ighomrore said a meeting to pave way for the signing of a Power Purchase Agreement with the company was held in Abuja on Tuesday.
According to her, the meeting had in attendance representatives of distribution companies (DisCos) across the country, and the Nigerian ElectricityRegulatoryCommission (NERC), as well as the Transmission Company of Nigeria (TCN).
“The meeting is a pre-cursor towards the finalization of its Power Purchase Agreement (PPA) with Mabon Hydro Power Plant for 40MW. It is part of the series of actions that the Bulk Trader will undertake prior to closing out the PPA with Mabon Hydro Power Plant.
“This is timely and coming at a time when the country is in need of every available power it can generate and wheel out to the end users.
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“The 40MW electricity from Mabon Hydro Power Plant 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”, Ighomrore added.
She pointed out that Mabon Hydro Power Plant “is strategically located in Dadin Kowa area of Gombe State. This is also a testament to the Federal 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 DisCos made significant contributions at the meeting, with a commitment to working collaboratively with other market participants towards improving the Nigerian Electricity Supply Industry (NESI) and enhancing power supply to Nigerians”.
Source: Vanguard
