Thursday, October 23, 2025
  • Share your story
  • About
  • Contact
Economy FootPrint
  • Home
  • News & Politics
  • Opinion
  • Finance & Economy
  • Aviation
  • Editorial
  • Transport & Blue Economy
  • Features | Analysis
  • Health | Environment
Economy FootPrint
Home Finance | Insurance | Pension

USA TRIP: Australian Investors  Arrive Benue, Eyes 10 GW Solar Photovoltaics Power Plant Investment

EconomyFoot Print by EconomyFoot Print
May 8, 2024
in Finance | Insurance | Pension, Small Business
Reading Time: 2 mins read
0
Share on FacebookShare on Twitter

Following His Excellency, Rev. Fr. Dr. Hyacinth Iormem Alia’s recent trip to the United States, a delegation of investors from Australia on Tuesday arrived in Benue State to develop a 10 GW solar photovoltaic power plant.


The investors, Paul Camp and Richard Vargas of United Solar Energy, were received by Dr. Raymond Asemakaha, CFA, Managing Director of Benue Investment and Property Company Limited (BIPC), in the company of representatives of the Commissioner for Justice, Public Order and Attorney-General, Justin Gbagir, and representative of Commissioner for Transport and Power, Prof. Jonathan Uhaa.

Related posts

100 Level Student Wins New Car as MTN Concludes Campus Invasion in Benue State

100 Level Student Wins New Car as MTN Concludes Campus Invasion in Benue State

October 23, 2025

Elumelu Lists Pathways for  Sustained Private Sector Investments in Nigerian Economy

October 23, 2025


The investors presented a comprehensive public-private partnership (PPP) framework for the project to the team, which scrutinised it and is to forward recommendations to the governor.
The framework outlines the terms of the partnership that the state government is to provide suitable land that will cover the entire project, plus 15 years of environmental approvals and authorizations and a signed master schedule Power Purchase Agreement (PPA) for 25 years.
Other clauses include providing asset-backed green bond security, ISPO, commercially ensuring the viability of the project, and providing tax concessions, incentives, and financial grants.
The PPP agreement will also have the Benue State Government providing access to an incentive scheme on import tax and providing adequate infrastructure, among other conditions.
In return, the Australian investors will provide 100 percent funding, provide jobs for locals, up-skill local manpower, and re-skill unemployed youths in the state.
After the scrutiny, the team is to forward submissions to Governor Hyacinth Iormem Alia, after which a memorandum of understanding will be signed virtually.

Previous Post

‘Cybersecurity Levy not a CBN Levy’

Next Post

FG Targets 2026 for Kano-Maradi Double-Guage Rail Completion

Next Post
FG Targets 2026 for Kano-Maradi Double-Guage Rail Completion

FG Targets 2026 for Kano-Maradi Double-Guage Rail Completion

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

BICD ENGAGES PERMANENT SECRETARIES ON SOLID PROJECT AHEAD OF STEERING COMMITTEE INAUGURATION

BICD ENGAGES PERMANENT SECRETARIES ON SOLID PROJECT AHEAD OF STEERING COMMITTEE INAUGURATION

2 months ago

FAAN MD Reiterates Commitment to Cripple Touting at All Airports

2 years ago

Court bars INEC from prosecuting suspended Adamawa REC

2 years ago

Gun Licensing: What Ortom Saw But Some Didn’t See

2 years ago

FOLLOW US

  • 86.2k Followers

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

BROWSE BY TOPICS

2023 Benue Budget Abuja-Kaduna Rail Access Corporation Access pension airports concession Aviation Ayu Benue Budget Benue Community Buhari Business CBN Central Bank Dana Air Economy FGPL Herdsmen Herdsmen attacks insecurity insurance Maritime Min of Transport MSMEs NAICOM NCAA Nigeria Nigeria -Cameroon Border Post Nigeria Air NRac Onne Port ooh Orrom Ortom PDP PenCom pension Railway Sambo Jaji Transcorp Transcorp Group Transcorp Hotels Plc UBA Ukohol Wike Wildon Ideva

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Economy Footprint

The EconomyFootprint is published by Ideas Tent Communications Ltd®. All Rights Reserved.

Follow us on social media:

Recent News

  • Troops repel Boko Haram/ISWAP Attacks, Kills Over 50 Terrorists In Borno and Yobe
  • Nigerian Army Boosts Argungu community With Renovated Classrooms Block, Four Boreholes 
  • DG NYSC Lauds CLTC’S Role In Moulding Nigerian Youths For Leadership 

Category

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Recent News

Troops repel Boko Haram/ISWAP Attacks, Kills Over 50 Terrorists In Borno and Yobe

Troops repel Boko Haram/ISWAP Attacks, Kills Over 50 Terrorists In Borno and Yobe

October 23, 2025
Nigerian Army Boosts Argungu community With Renovated Classrooms Block, Four Boreholes 

Nigerian Army Boosts Argungu community With Renovated Classrooms Block, Four Boreholes 

October 23, 2025
No Result
View All Result
  • Home
  • Politics
  • News
  • Sports
  • Opinion