Siemens and CT Cosmos, a Nigerian firm, have signed a memorandum of understanding (MoU) for the construction of a 70MW alternating current (MWac) photovoltaic (solar) power facility estimated at $170 million in Panyam, Plateau State.
The project is expected to be completed in a less than two-year period and will supply the power produced into the national grid.
The Chief Executive of CT Cosmos, Mr. Phillip Chukwueke, disclosed that his firm selected Siemens as technical partner for the construction of the Solar Power facility due to the company’s proven expertise in delivering high quality solutions, technical support and services.
The 70MWac solar power plant is the first in a series of large solar power generating facilities proposed by CT Cosmos for various sites in Nigeria. According to Chukwueke, solar power is now approaching parity with traditional sources of energy and expressed his optimism that in the not too distant future it would become more cost effective to generate electricity from the sun than from hydro and thermal sources.
