SOURCE: New Generation Power International

New Generation Power International

March 06, 2015 08:01 ET

US-Energy Company Announces Plans to Implement Renewable Energy Projects Throughout Sierra Leone

NGPI and Sierra Leone Ministry of Energy to Help Boost Clean Energy

CHICAGO, IL--(Marketwired - March 06, 2015) - This week, New Generation Power International (NGPI), a global independent power producer, met with Sierra Leone's Deputy Minister of Energy in Chicago to announce plans to deliver multiple utility-scale power generation facilities throughout the West-African country.

Roughly 80 percent of Sierra Leone citizens lack access to electricity.

Once completed, these projects would deliver clean, reliable and affordable energy to help ensure power supply for the country.

Working closely with Major Ismael Sengu Koroma, Deputy Minister of Energy 1, Sierra Leone, Chicago-based NGPI is pressing ahead with plans to enter final discussions to form a Public Private Partnership Agreement (PPPA) with the Government of Sierra Leone.

The agreement would directly support President Ernest Bai Koroma's ambitious goal to deliver 1,000-megawatts (MW) of energy to his country over the next three years.

NGPI has partnered with Nations Solar to help transform the country's current energy infrastructure through a combination of solar PV, hydro and distributed generation projects.

"Access to modern, clean and renewable energy in every home and business, can enable people in countries like Sierra Leone to lead better lives," said NGPI Chairman, Dr. Chirinjeev Kathuria. "Electricity can have a critical effect on health, education and the economy."

Nations Solar Vice President of International Energy, Peter Maurer, will work closely with NGPI and the Sierra Leone Government to complete all feasibility studies, environmental reviews and contract negotiations, as well as finalize exact land locations for the projects.

Larry Morgan, President of Nations Solar, believes that together, both companies have the ability to bring multiple sources of energy such as solar street lights, solar PV, hydro, thermal and distributed microgrid solutions, that will help accelerate President Ernest Bai Koroma's energy initiative for Sierra Leone.

The first 20MW solar project is expected to break ground later this year with an additional 180MW of solar to follow over the next two years under a 20-year Power Purchase Agreement (PPA).

Simultaneously, plans for a 132MW hydro facility will be built-out [with a view to being] operational by spring 2018 under a 35-year PPA.

NGPI will develop, execute and operate the projects under a Build, Own and Operate (BOO) basis in addition to supplying project capital based on the final signed PPPA.

"When a nation such as Sierra Leone is in need of positive news, we are happy to support the President in his efforts to provide electrification to his country by 2019," said Dr. Amit Kumar, NGPI Director of Strategic Alliances.

ABOUT NEW GENERATION POWER INTERNATIONAL

NGPI, headquartered in Chicago, is a global, independent power producer and infrastructure developer specializing in developing, operating and acquiring conventional & renewable energy and infrastructure projects. Their mission is to create high-value power generation and infrastructure assets in both developed and emerging/underdeveloped areas that will create job opportunities and employment for several million people. Visit the company online at www.newgenpower.com

The following files are available for download:

Attachment Available: http://www.marketwire.com/library/MwGo/2015/3/6/11G035057/NGPI-856730374541.pdf

Contact Information

Multimedia