Prado Power has initiated the development of a 20MW Solar PV Power Plant at Sheda, Kwali LGA in Abuja, FCT. The project aims to bolster the current power situation by 20MW, thus stimulating economic growth in an already bankable economy.
Planning and Feasibility Studies for the project have been completed, with studies deemed successful. The project is currently at the point where a PPA is being negotiated with the AEDC after which Prado Power will apply for a generation license.
Execution cost is approximately $22 million and this will be sourced from low interest loans and grants. Project financial model has been developed and the project is deemed sustainable over the useful life.