The Federal Government on Monday signed a Memorandum of Understanding with One Nation Energy Platform Ltd. for the production of 500 megawatts coal-fired power plant in Enugu.
The Minister of Power, Prof Chinedu Nebo, signed on behalf of the Federal Government while the Chairman of the company, Dr. Uzoma Obiyo, signed on behalf of the company.
A statement signed by Mrs Grace Njoku, for the Deputy Director, Press, Mr Timothy Oyedeji in Abuja described the agreement as a welcome development for government's quest for a robust energy mix that would support the nation's aspiration for development of the power sector.
It noted that the coal-power project will also provide stable power, devoid of challenges of sabotage from vandals determined to frustrate government's effort to providing adequate and reliable power to all Nigerians.
According to the statement, the coal powered plant in Enugu axis is a welcome development as Ugwuaji, one of the settlements in Enugu state, houses one of the biggest transmission sub-stations in the country.
The statement described the coal deposit in Nigeria as very clean, and that the processing of the mineral resource for energy delivery would not be cumbersome.
It further said that the South East zone alone had enough coal deposits to deliver 5,000 megawatts of coal fired power to Nigeria.