The Nigerian Bulk Electricity Trading (NBET) says it is in the process of finalising a Power Purchase Agreement (PPA) with Mabon Hydro Power Plant for 40 MW of electricity.
Ms Henrietta Ighommore, Head, Corporate Communications, NBET stated in Abuja on Tuesday that the 40MW would contribute immensely to strengthening and stabilising the National Grid.
“Mabon Hydro Power Plant is strategically located in Dadin Kowa area of Gombe State and is the only power plant located in the Northeast region,’’ she stated.
Ighommore stated also that the additional power from Mabon would contribute to reducing the current Weighted Average Cost of Power within NBET’s portfolio, as generation of hydro power is relatively cheap.
According to her, power from Mabon is also a testament to Federal Government’s drive to commercialise small hydro plants and bring them upstream to ramp up power generation.
“The PPA is also in line with Nigeria’s commitment to the UN COP 26 on accelerated 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 is timely and coming at a time when the country is in need of every available power it can generate and wheel out to end users,’’ she stated.
Ighommore added that NBET had held a consultative forum with industry stakeholders on how to facilitate the process of acquiring the power.
She stressed that the meeting was part of the series of actions that NBET was undertaking prior to closing out the PPA with Mabon Hydro Power Plant.
“The meeting had in attendance representatives of Distribution Companies (DISCOs) and the sector regulator, the Nigerian Electricity Regulatory Commission, as well as the Transmission Company of Nigeria.
“The DISCOS made significant contributions at the meeting with a commitment to working collaboratively with other market participants towards improving and enhancing power supply to Nigerians,’’ Ighommore noted.