Kuber Power Limited (KPL) and Nasarawa State
Government have signed a power purchase
agreement (PPA) with the aim of boosting power
supply in the state. The PPA which was signed
on May 8, 2018 in Lafia, Nasarawa State, is
based on the Nigeria Electricity Regulatory
Commission’s (NERC) Eligible Customer Policy
which allows licensed generation company to
access underserved customers and also promote
the rapid expansion of power generation capacity.
Under the PPA, Nasarawa State Government is expected
to pay only N1.5 million to the Transmission Company
of Nigeria (TCN) as a Market Operator.
A Ghanaian-Indian collaboration has given
birth to a new online business venture,
Africakart.com. The two young men who teamed
up to set up the business say they are very
determined to build the company into a big
brand. The Ghanaian, 37-year-old Theodore
Lawson and the Indian, 26-year-old Rahul Kalra,
say they are blazing the trail that most people
their age would only dream of. They are not
daunted because they are focused on building a
business for themselves in this age that
entrepreneurship has become the buzzword.
The two young entrepreneurs believe that
Africakart.com will become Africa’s biggest
and most preferred Online place for smart
family shopping with wings spread across the
entire continent by 2025.
Santerre Limited will help Ghana government
develop a 200 MW combined-cycle thermal power
plant, and the company will operate as an
independent power producer (IPP). The project
is expected to commence in 2015.
The proposed plant will be located at the
coastal town of Prampram. The latter is close
to the industrial hub of Tema, which is a major
port city in West Africa. The plant is also
located near the new 330 kV Ghana Grid Company
transmission line, the West African Gas Pipeline
and the Tema Oil Refinery.
The project will be developed in two phases.
Each of the two phases will involve generation
of 100 MW, and to be involved in the construction
is the Santerre’s Ghanaian subsidiary SANTERRE
ELECTRIC POWER COMPANY LIMITED (SEPCO).
The subsidiary, according to reports, has
already signed a Memorandum of Understanding
with the state-owned Electricity Company of Ghana (ECG).
International infrastructure Development
Company SANTERRE Limited plans to invest
US$300m in constructing a single-phase
200megawatt thermal power plant to help
alleviate the ongoing power cuts and load
management in the country.
Construction works for the project, which
will be spread across the company’s
33.5-acre project site in Prampram, is
expected to take off from 2015 — and the
entire plant will be built on a fast-track
basis to meet the purpose for which it is
being set up.
Aside from easing pressure off the country’s energy
sector, the combined investments of US$300m will
create up to 1,000 jobs directly — with additional
jobs during construction and indirectly in the supply chain.