Energy

FG signs 540MW power purchase agreement

The federal government has signed a power purchase agreement – The new agreement presided by the minister of power, works and housing, Babatunde Fashola, was between Qua Iboe Power Plant Limited (QIPP) and the Nigerian Bulk Electricity Trader Pic (NBET) – The agreement is for a 540MW gas-fired power plant in Akwa Ibom The federal government on Thursday, October 26, signed a mega power purchase agreement for a project in Akwa Ibom state. The signing of the agreement which was presided over by the minister of power, works and housing, Babatunde Fashola, was between the new investor for the Qua Iboe Power Plant Limited (QIPP) and the Nigerian Bulk Electricity Trader Pic (NBET) for a 540MW gas-fired power plant

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