GE signs MoU to build 500 MW of solar parks in Nigeria

General Electric Co (NYSE:GE) has signed a memorandum of understanding (MoU) in Nigeria to build five solar power plants with an expected capacity of 100 MW each in the north part of the country.

The MoU was signed in Abuja on Monday between the Northern States Governors' Forum and General Electric ‎International, according to a statement by the Borno State governor and chairman of the forum, Kashim Shettima.

The five solar power plants will be located in the states of Borno, Kebbi, Nassarawa, Niger and Taraba. The electricity generated is to boost economic activities in the states, in addition to supplying power to schools and hospitals, according to the announcement.

Northern Governors, General Electric sign MOU for 5 power plants .. https://t.co/b7iELoZ9sq pic.twitter.com/KuF1koW8Ua

— Governor Borno (@GovBorno) 28 ноември 2016 г.

The project is being led by the newly created Northern Nigeria Global Economic Re-integration Programme.

"General Electric has over 120 years experience in energy solutions and they have been operating in Nigeria for over 50 years, we cannot have a better partner than GE," Kashim Shettima said. "We shall do our part as Governors, this I will assure you. We are deeply committed to this agreement" he added.

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