As the Nigerian economy continues to grow rapidly under President Goodluck Jonathan,the Power Sector has recieved another boost with the agreement signed on teusday between Skypower Global and FAS Energy with the Federal Government and the Government of Delta State for the development,construction and operation of 3,000 MW of Solar Photovoltaic(PV) project.The deadline for the completion of the Project is five years.
The agreements were signed at the World Economic Forum on Africa during a historic ceremony for a Foreign Investment Promotion and Protection Agreement (FIPA) between the Canadian and Nigerian governments. Representing the nations at the forum were the Honourable Olusegun Olutoyin Aganga, Minister of Trade and Investment for the Federal Republic of Nigeria and the Honourable Christian Paradis, Minister of International Development for Canada.
These foundational agreements represent a monumental renewable energy milestone, which entails a multi-phase development and build schedule that will result in production of clean, sustainable,cost-effective energy to support the growing energy needs of Nigeria.
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