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Nigeria signs $1.75b Solar Power Project in Partnership with 14 companies. |
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Nigeria majorly generates her power from hydro-electric power began fulfilling her promises on introducing other renewable sources of energy especially solar power in the country.
About two and half decades now, the erratic supply of power in Nigeria has become a major economic and social problem. This is due to inadequate generation and distribution of electricity at the required capacity throughout the country.
At present, the power generation in the country is less than 4000 Megawatts (MW) whereas the entire population will need about 10,000 Megawatts (MW) to attain a steady supply of electricity to her citizens. This has adversely affect industrialization and development of small scale enterprise in the country. Last month, the Federal Government in Abuja signed a Front-Runner Solar Power Purchase Agreements (PPAs) worth 1.75 billion dollars with 14 companies to build 1125 Megawatts (MW) capacity of renewable power in the country. The Minister of Power, Works and Housing, who signed the documents on behalf of the government, said the agreement was to demonstrate government?s commitment to diversify Nigeria?s power industry. He disclosed that before the year 2030, Nigeria would have achieved 30 per cent capacity in renewable energy, adding that Nigeria would invest in renewable power in areas such as Biomass and coal. The project was situated in the Northern part of the country due to the high and long hours of sun rays in the region. |
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9 Comments
Thank you @Minjoo and @Heonjun, I will look into that aspect of how can coal can be related to renewable source of energy as mentioned by the Minister for power, works and Housing of Nigeria.
Posted 18-08-2016 23:38
Olamide, thanks for sharing such a good news in Nigeria! But as Heonjun have mentioned earlier, I want to know how coal can be related to renewable energy source. Have a blessed day!
Posted 18-08-2016 00:45
Thanks for writing Olamide. But, how is coal linked with renewable energy? I hope the investment will be allocated in genuinely sustainable energy. Thanks for writing!
Posted 17-08-2016 14:28
Thank you for your wonderful commens, Joshua, Xilola and Carin. We hope to see an improvement in the power challenges in the country.
Posted 16-08-2016 04:19
Olamide, I had already written on this report. Its really a great partnership for the Nigerian government.
Posted 15-08-2016 03:48
Great news, Olamide. Thanks for great news
Posted 15-08-2016 00:32
very great news
Posted 12-08-2016 22:54
Thank you Arushi, we hope and pray for more green projects like this in the country.
Posted 12-08-2016 20:15
This is a good, clean and green news. All the best to Nigeria. Great step in the right direction.
Posted 12-08-2016 19:47