NSIA, NSP sign deal to establish Shiroro solar power firm

The Nigeria Sovereign Investment Authority (NSIA) and North South Power (NSP) Company Ltd have signed a joint venture agreement for the establishment of the Shiroro Generating Company, Nigeria’s pioneer 20MW on-grid solar-hydro hybrid project.

Speaking at the agreement signing ceremony at the Presidential Villa, Abuja yesterday, Vice President Kashim Shettima said the agreement was a significant milestone and an affirmation of President Bola Tinubu administration’s resolve to embrace clean and renewable energy solutions. 

“As a nation, our resolve is to take proactive steps to diversify our energy sources, reduce our carbon footprints and ensure a more sustainable future for generations to come. And this is a pioneering project in terms of hybridising power in solar and hydro,” he said. 

The Shiroro Generating Company is a joint venture project between the Nigeria Sovereign Investment Authority (NSIA) and North-South Power, investing in a pioneer 20MW solar-hydro hybrid project in Shiroro, Niger State. 

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The 20MW Pilot Project (Phase 1a) is embedded within a larger 300MW solar programme, to be co-located within NSP’s existing 600MW Shiroro Hydroelectric Power Plant concession area in Shiroro.

The VP then implored the Nigeria Electricity Regulatory Commission (NERC), Nigeria Bulk Electricity Trading (NBET), Transmission Company of Nigeria (TCN), Bank of Industry (BOI) and all other relevant stakeholders in the project to ensure that they collaborate effectively with its sponsors to guarantee the timely delivery and operation of this project. 

The Chief Executive Officer of NSIA, Mr Aminu Umar-Sadiq, said the partnership “Will deepen Nigeria’s clean energy portfolio, create jobs, and re-affirm our dedication to energy efficient solutions as a lever for socio-economic development.”