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NSIA and North South Power sign JV agreement for Nigeria’s first 20MW solar-hydro project 

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NSIA NSP Sign Agreement for Shiroro Solar Generating Company

The Nigeria Sovereign Investment Authority (NSIA) and North South Power (NSP) Company Limited on Tuesday signed a joint venture agreement to establish the Shiroro Generating Company, marking Nigeria’s pioneering 20MW on-grid solar-hydro hybrid project.  

The agreement, finalized at the Presidential Villa in the presence of Vice President Kashim Shettima, was confirmed in a statement by Stanley Nkwocha, the Vice President’s spokesperson. 

This 20MW on-grid solar-hydro hybrid project serves as the pilot project (Phase 1a) and is a component of a broader 300MW solar program.

This larger program is intended to be located within NSP’s established 600MW Shiroro Hydroelectric Power Plant concession area in Shiroro, Niger State. 

Speaking at the signing event, Vice President Kashim Shettima the signing of the joint venture agreement to establish the on-grid solar-hydro project showed that Nigeria’s energy transition journey as well as its resolve to embrace clean and renewable energy solutions is on track. 

Furthermore, the Vice President commended the vision, innovation, and commitment of the NSIA for the project, highlighting its significance in creating opportunities for economic growth and technological advancement, while also addressing the urgent need for clean and accessible energy.

He expressed that this project would catalyze the realization of other hydro-solar projects and serve as a test case for the deployment of solar energy onto the national grid. 

VP Shettima urged the Nigeria Electricity Regulatory Commission (NERC), Nigeria Bulk Electricity Trading Company of Nigeria, Transmission Company of Nigeria (TCN), Bank of Industry (BOI), and all other pertinent stakeholders in the project to collaborate effectively with its sponsors. This collaboration is crucial to ensure the timely delivery and operation of the project. 

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