Ekiti signs MoU with UK firm on IPP ….. NATION

Ekiti State government has signed a Memorandum of Understanding (MoU) with a United Kingdom-based firm, Elemi Energy Limited, for the installation and development of 1.15 megawatts Solar Photo Voltaic (PV) Farm.

The project, which was to boost power supply and breathe life into the economy, was facilitated through the Public Private Partnership (PPP) and it would cost over N500 million, as Foreign Direct Investment (FDI) was approved by Governor Ayo Fayose as part of his commitment to infrastructure development.

The Solar PV Farm is to be built on 14,000 square metres of land belonging to the Broadcasting Service of Ekiti State (BSES), with an agreement to

provide free 150 kilowatts to power station installations and equipment for 20 years.

Elemi Energy Limited, which will handle the power project through its subsidiary in Nigeria, Elemi Power Solutions Limited, will also sponsor training of five engineering workers of BSES in the UK for the operation and management of the 150KW power plant.