Released May 09, 2014 | JOHANNESBURG
en
Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--SkyPower FAS Energy, a joint venture between SkyPower Global (Toronto, Ontario) and FAS Energy (Las Vegas, Nevada), signed agreements with the Nigerian federal government and the Delta state government for the development, construction and operation of 3,000 megawatts (MW) of solar photovoltaic (PV) projects. The utility-scale projects will be built over the next five years, with the power from the first phase reaching commercial operation and feeding power to the grid in 2015.
At the World Economic Forum on Africa in Abuja, a foreign investment promotion and protection agreement was signed between the Canadian and Nigerian governments.
"The signing of the agreement marks a significant milestone. It sends a clear signal to Canadian businesses that they can work in Nigeria with confidence, and to Nigerians that they can do the same in Canada," said Christian Paradis, Canadian minister of international development. "Our government is looking to new approaches that deliver real results. The private sector has a crucial role to play in creating shared prosperity."
A number of key people and delegations declined to attend the forum due to security fears following the abduction of schoolgirls by the Boko Haram terrorist group.
In 2013, SkyPower formed the joint venture with FAS Energy, which is a subsidiary of the Fawaz Alhokair Group, a leading real estate and construction company based in Saudi Arabia, with branches in the Middle East and sister companies in Africa. SkyPower claims to be the largest developer and owner of solar projects in the world.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
At the World Economic Forum on Africa in Abuja, a foreign investment promotion and protection agreement was signed between the Canadian and Nigerian governments.
"The signing of the agreement marks a significant milestone. It sends a clear signal to Canadian businesses that they can work in Nigeria with confidence, and to Nigerians that they can do the same in Canada," said Christian Paradis, Canadian minister of international development. "Our government is looking to new approaches that deliver real results. The private sector has a crucial role to play in creating shared prosperity."
A number of key people and delegations declined to attend the forum due to security fears following the abduction of schoolgirls by the Boko Haram terrorist group.
In 2013, SkyPower formed the joint venture with FAS Energy, which is a subsidiary of the Fawaz Alhokair Group, a leading real estate and construction company based in Saudi Arabia, with branches in the Middle East and sister companies in Africa. SkyPower claims to be the largest developer and owner of solar projects in the world.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
