Notore Power Limited (Notore Power), an indigenous independent power producer, has signed a Joint Development Agreement with ContourGlobal to develop, construct, finance and operate a gas-fired power station.
The power plant, which will be located at its existing facility at the Notore Industrial Complex in Onne, Rivers State, Nigeria, will have an available capacity of 500 megawatts.
A statement from Notore on Thursday, said that the plan is to sell the electricity generated by the plant to the Nigerian Bulk Electricity Trading Plc.
It added that the signing took place recently at the Presidential Power Reform Transactions Signing Ceremony hosted by President Goodluck Jonathan at the Presidential Villa in Abuja. ContourGlobal is an international power generation company with power generating assets of more than 3000 MW in operations or under construction in 15 countries on four continents.
The statement added ContourGlobal's deep experience with projects in Africa will be further demonstrated during the execution of the joint development agreement with Notore Power.
The Chief Executive Officer and Managing Director of Notore Power, Mr. Femi Solebo, expressed delight at the official commencement of the project through the signing ceremony.
He said, "We are delighted at today's event. This marks the commencement of change in Nigeria. We are committed to enhancing the quality of lives of Nigerians and electrical power is definitely of serious need in our nation today."
