NBET meets stakeholders towards securing 40MW for national grid
Story from Abah ADAH, Abuja
As part of its response to the current electricity challenges facing the country, the Nigerian Bulk Electricity Trading Plc. (NBET) has held a meeting with industry stakeholders towards closing a deal that would add 40 mega watts (MW) to the grid with Mabon Hydro Power Plant.
NBET held a consultative forum on Tuesday 12th April 2022 with representatives of distribution companies (DisCos) across the country, and the Sector Regulator, the Nigerian Electricity Regulator (NERC), as well as the Transmission Company of Nigeria (TCN) in attendance.
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According to a statement issued by NBET’s spokesperson, Henrietta Igomorore, in Abuja, the meeting was a pre-cursor towards the finalisation of its Power Purchase Agreement (PPA) with Mabon Hydro Power Plant for 40MW.
It is part of the series of actions that the Bulk Trader will undertake prior to closing out the PPA with Mabon Hydro Power Plant.
This is coming at a time when the country is in need of every available power to give to its citizens.
“The 40MW electricity from Mabon Hydro Power Plant will contribute immensely to strengthening and balancing the national grid as the power plant is the only generating plant located in the North-East region of the country.
“This is also a testament to the federal government’s drive to commercialise small hydro plants and bring them upstream to ramp up power generation across the country.
“It is also in line with Nigeria’s commitment to the UN COP 26 on accelerated action and support for Climate Change Framework as the hydro plant, being a clean energy source, propels Nigeria towards fulfilling its obligations.
“This additional power from Mabon will also contribute further towards reducing the current weighted average cost of power (WACP) within the NBET’s portfolio, as hydro power is relatively a cheaper means of power generation,” NBET explained.
The DisCoS made significant contributions at the meeting, with a commitment to working collaboratively with other market participants towards improving power supply to Nigerians.
Mabon Hydro Power Plant is located in the Dadin Kowa area of Gombe State.
