The University of Ilorin is partnering with a United States company to build a 500 megawatts solar energy plant as part of efforts to tackle the challenge of power supply in Nigeria.
Vice Chancellor of the University, Prof. Abdulganiyu Ambali, disclosed this while speaking at a forum in Abuja at the weekend.
“The 500 megawatts is too much for the university alone to utilize, infact, we in the university require just a maximum of four megawatts.
“Which means the extra 496 megawatts would have to be given to the Federal Republic of Nigeria, either the immediate community or nationwide. I think that is what is being processed,” the don said.
He further disclosed that the institution had engaged in negotiation with various stakeholders who are going to be party to the consumption and payment of the 496 megawatts as the project is estimated to cost about $1.5 billion.
He said, “it is a heavy investment which means the company that is going to bring the 1.5 billion dollars, has to be convinced that it will recoup its investment.
“They (company) have made tremendous progress, they have talked to the government, they are talking with agencies of government and by the time they harmonise all these product of their discussion, I am sure they will take off and the government and Nigeria will now be the overall beneficiary of all those efforts.”
The Managing Director of the American company, Mr. Brian Travis said the selection of University of Ilorin as its partner was because the university had many reliable innovative projects.
Travis, who described the project as the largest solar plant in Africa; said it would help empower the locals in terms of employment and training.
“Most of us probably know there are difficulties with the whole power system in Nigeria. We will all like to have stable power.
“We also are not going to sell into the national grid but try to solve the problem by entering into direct contract with DISCOs; because of the location of Ilorin, we have direct access to six district DISCOs up and down the coast.
“Each of those DISCOs is determining how much of the power they want; they determine when they need the power, how they need it and how they are going to sell it.
“So we will be effectively dealing with the people who need the power, so that we do not have the supply chain issues that exist now and that is the reason we are doing the solar project here. It has got good solar radiation.
Travis described University of Ilorin as an excellent host in view of the innovative projects of the Vice Chancellor, and added that it would impact on the local people as the project would hire them as contractors and would train them in solar and renewable energy.
The Managing Director said the project would be completed in 18 months.