US-based Arrow Capital and the University of Ilorin have finalised arrangements for the construction of a $2.3bn solar power plant at the university in Nigeria.
Upon completion, the facility is expected to produce 500MW of power, enhancing the level of power supply and providing 10% of Nigeria's total power need.
Arrow Capital’s CEO and managing director Brian Travis said that the university was chosen for the project because of the centrality of its location, which is ideal to transmit power generated to Kano and Lagos.
Prof. Ambali also stated that the project will guarantee 24-hour power supply to the university, which consumes only four megawatts of electricity, and will be selling the remaining power to the nation.
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