The Federal Government has concessioned the 750 kilowatts (KW) solar power system that will energize the Federal Ministry of Power, Works and Housing (Power Sector) building in Abuja for 10 years to Proserve Energy Services Limited.
The Power Purchase and Concession Agreements were presented to the Infrastructure Concession Regulatory Commission (ICRC), Thursday.
The Permanent Secretary, Power, Louis Edozien said it was a pilot project and that government would not rest until energy begins to flow from Power House and many other facilities through the innovation.
The tripartite agreement documents were signed earlier between the Ministry, Abuja Electricity Distribution Company (AEDC) and the concessionaire, Messrs Proserve Energy Ltd.
Presenting the agreement documents to ICRC’s Emmanuel Onowodi, who represented the Director General of the Company, Chidi Izuwah, Edozien said, “It is my pleasure to mark the landmark we have achieved by handing over this documents to ICRC to be the custodian and regulator for the transaction.”
The Managing Director and CEO of Preserve, Abba Ibrahim assured of the Company’s commitment to delivering a quality project along with his technical team as the Engineering, Procurement, and construction (EPC) partner in Germany were ready to deliver the project in six months.