RusHydro International AG has signed a five-year service agreement with Mainstream Energy Solutions Limited of Nigeria, which will see the JSC RusHydro’s subsidiary upgrade two key hydroelectric facilities and improve their available capacity.
In September 2012, a consortium of Mainstream Energy and RusHydro International won a tender to enter a concession agreement for operating the Kainji (pictured) and Jebba hydropower plants, which are located on the Niger River and have an installed capacity of 760 MW and 578 MW respectively.
A concession agreement between Mainstream Energy and the Nigerian government was subsequently signed in February of this year.
Under the concession agreement, both hydroelectric facilities will undergo modernization to increase their available capacity, which, at the moment, is significantly lower than their installed capacity.
RusHydro International will be responsible for the technical management and management of the modernisation projects.
Mainstream Energy is committed to spend $452m on the plant modernisation during the first five years of the concession, and will pay a fixed fee to RusHydro International for rendered services.
For more Renewables news.
For more Africa news.