Alten, IFC To Co-Develop 120MW Solar Panel In Kogi

No Comments » April 13th, 2017 posted by // Categories: Energy Development Project

Alten, IFC To Co-Develop 120MW Solar Panel In Kogi

Channels Television.
Updated December 9, 2015


IFCThe International Finance Corporation (IFC), a member of the World Bank Group, has signed a joint development agreement with Alten’s Middle Band Solar One Limited, a Nigerian solar power project company, to co-develop a 120 megawatt peak photovoltaic solar power project with a consortium of developers.

The project is expected to provide renewable energy supply to about 175,000 people and nearby industrial clusters, support job creation, and boost economic growth in Nigeria.

The project is based in Lokoja, Kogi State.

Under the agreement, IFC InfraVentures, (IFC’s Global Infrastructure Project Development Fund), will provide development funding and commercial and technical support to a developer consortium. This will help co-develop the solar power project via the middle band solar one project company.

The consortium consists of Alten Renewable Energy Developments Africa, B.V., Green continent partners holding B.V. And Nemoante Limited.

The project is expected to reach financial close by the fourth quarter of 2016.

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