Sterling and Wilson Solar Solutions Inc.(SWSS), a wholly owned step down subsidiary of the Sterling and Wilson Renewable Energy along with its consortium partner Sun Africa LLC (collectively referred to as 'the Consortium'), have signed a Memorandum of Understanding (MoU) with the Government of the Federal Republic of Nigeria to deliver the development, design, construction and commissioning of solar photovoltaic power plants with total installed capacity of 961 MWdc at five different locations in the Federal Republic of Nigeria along with battery energy storage systems with total installed capacity of 455 MWh.
These Projects will ultimately be owned and operated by Niger Delta Power Holding Company (NDPHC), a Nigerian Government owned entity. Financing for these Projects are under negotiations between US EXIM, ING and the Government of Nigeria. The said MoU has been entered as a first step towards signing of definitive Development and EPC Agreements, which is subject to, inter alia, financing arrangement and approval by the Board of Directors of NDPHC.
Sterling and Wilson Renewable Energy is engaged in the business of construction and maintenance of power plants. The company's products and services range include Contract activities and Operation Services.
