Business
FG concessions Abuja 750Kw solar power system to firm
The Federal Government on Friday concessioned the 750 kilowatts (KW) solar power system to Proserve Energy Services Limited.
The facility is designed to energise the Federal Ministry of Power, Works and Housing (Power House) building in Abuja for 10 years.
The Power Purchase and Concession Agreements were signed by the Ministry, Abuja Electricity Distribution Company (AEDC) and the concessionaire, Messrs Proserve Energy.
While presenting the signed documents to the Infrastructure Concession Regulatory Commission (ICRC), Permanent Secretary in the Ministry, Mr Louis Edozien who signed the documents said, ‘’It is my pleasure to mark the landmark we have achieved by handing over this documents to ICRC to be the custodian and regulator for the transaction.”
Read also: EKEDC begins distribution of prepaid meters
In his reaction, the Managing Director and CEO of Proserve, Dr Abba Ibrahim assured of the company’s commitment to delivering a quality project along with his technical team as the Engineering, Procurement, and construction (EPC) partner in Germany were ready to deliver the project in six months.
He also noted that the firm was ready to handle the financial, construction and operational risks. .
The Director General of ICRC, Mr Chidi Izuwah represented by the acting DG, Onwodi Emmanuel said it was a milestone project as it is getting to commercial close, and after that, the project will begin.
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