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Sterling and Wilson, an Indian solar power company, said it will construct a 250 MW solar power plant in Nigeria over the next 2-3 years, according to a statement released on Wednesday.

The company made the announcement after the Nigerian Bulk Electricity Trading Company (NBET) signed Power Purchase Agreements (PPAs) with 12 firms, including Sterling and Wilson, for the construction of 975MW solar plants in eight States; namely, Enugu, Nasarawa, Kaduna, Katsina, Bauchi, Plateau, Sokoto, and the Federal Capital Territory, Abuja. The projects are estimated to worth about $2.5 billion.

“With the recently announced PPAs of 975 MW, we see a huge solar potential opening up in Nigeria,” said Bikesh Ogra, Sterling and Wilson’s President, Solar Business. “We are well positioned to support growth in solar market in Nigeria through our presence and experience, as more investors are focusing on reliable, bankable solar engineering procurement and construction (EPC) companies, which can commission solar projects on time.”

Based in Mumbai, India, Sterling and Wilson has constructed power projects across Africa, Middle East, South East Asia and Latin America. Some of the company’s projects in Africa include a 260 MW plant in Egypt, a 175 MW plant in Morocco, a 87 MW plant in South Africa, and 7 MW plant under construction in Niger. The company has also commissioned a 40 MW gas-fired power plant in Lagos, Nigeria.

“We are here to offer 360º turnkey solutions adapted to each customer’s individual needs. We are confident our solutions exceed customer expectations, transforming solar energy into green assets by maximizing value and mitigating risks,” Ogra said.