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US $200m Nigeria Electrification Project launched

The US $200m Nigeria Electrification Project has officially been launched by Rural Electricity Agency (REA). Managing Director of REA, Mr. Ahmad Salihijo spoke during the launch ceremony and said that the project aims to address the energy access challenge through mini-grids, the solar home systems and the Energising Education Programme (EEP) of the federal government.

The project  which will commence in the next five months, will provide 500,000 Nigerians in 105,000 rural households with off-grid electricity. The funds, which were sourced from the African Development Bank (AfDB), the agency said, would also enable eight universities and 20,000 micro, small and medium enterprises (MSMEs) to get access to reliable sources of energy as well as to stop the emission of 1.69 million tons of CO2 emissions in line with the Nigeria’s commitment to combating climate change.

Mr. Ahmad Salihijo explained that four components are currently structured under the facility namely: Solar Hybrid Mini Grids under the minimum subsidy tender (MST), which will cost US $70m; Energy-Efficient Appliances for Productive Use, US $20m; phase three of the Energising Education Programme, US $100m, and technical assistance and capacity building which is US $10m.

Read more from source article: https://www.nigeriaelectricityhub.com/2020/03/17/us-200m-nigeria-electrification-project-launched/

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Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email: nichole@getfundedafrica.com

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