REA connects 5m users with N241bn solar power grant
The Managing Director of REA, Salihijo Ahmad Salihijo, stated this at the weekend at a briefing on the implementation level of the Nigeria Electrification Project (NEP) of the agency.
The Managing Director of REA, Salihijo Ahmad Salihijo, stated this at the weekend at a briefing on the implementation level of the Nigeria Electrification Project (NEP) of the agency.
The programme aims to support access to clean energy by increasing the financial viability, and promoting scaled up commercial investment, in renewable energy mini-grids, with a focus on cost-reduction levers and innovative business models.
The MoU is designed to deepen and strengthen the strategic partnership between the REA through the Solar Power Naija (SPN) Programme and InfraCredit in a bid to catalyse long-term local currency investments into the Nigeria solar off-grid space.
The Federal Government of Nigeria has launched a ‘Solar Power Naija’ project, a programme focussing on 5 million solar connections for off-grid communities as part of the Economic Sustainability Plan (ESP) in response to the COVID-19 pandemic.
By Oke Peter A private firm, Emel Solar and the Rural Electrification Agency (REA) have signed grant offer agreement under the Output Based Fund (OBF) for the firm to sell Solar Home Systems (SHS) to Nigerian households and businesses. The project is implemented by REA and supported by the World Bank. Energy Worth Online reports…