Following the earlier partnership with the Manufacturers’ Association of Nigeria (MAN), Geogrid Lightec Limited (GLT) and the MAN Power Development Company (MPDC) have signed a memorandum of understanding (MoU) for the supply of uninterrupted power to the members of the association within the Agidingbi – Acme Axis of the Ogba industrial cluster on the 14th of November. This was done with the press and members of the public in attendance as well as executives of both companies.
With the generating license to generate 30 MW of power in place, this landmark achievement represents a significant step towards the take-off of the Co-generation plant. The talks have been ongoing between the two parties for the past six months, ironing out intricacies to the project and have culminated in the signing of the MoU. This agreement could not have come at a better time going by the recently released Nigeria Electricity Regulatory Commission (NERC) regulations pertaining to the Eligible Customer Status .
Here are highlights from the event;