HomeIndustry SectorsGenerationNigeria Federal Government calls for more private sector partnerships

Nigeria Federal Government calls for more private sector partnerships

The federal government has called for more private sector partnerships to increase renewable energy access in Nigeria in what they believe will assist in cutting energy bills.

The Minister of State for Power, Goddy Jedy-Agba said this when he inspected the 609 kilowatts peak (kWp) Jabi Lake Mall hybrid solar power plant in Abuja, built by Actis, a UK managed firm.

He said, “Actis is proving that one can cut down energy bills through this project and this should be replicated in other places.”

The minister also advised investors to build more ties with the Distribution Companies (DisCos) who have the franchise so they can partner on similar projects as they could both gain from it.

Have you read?
Solar rollout for 25m Nigerians to begin

“The solar hybrid project at Jabi Lake Mall is another example of Nigeria’s pioneering role in clean energy transition,” he had noted.

The 1,848 solar photovoltaic (PV) panels generate 850 megawatts hour (MWh) of electricity annually and has a 15 year Solar Power Purchase Agreement (SPPA) between Jabi Mall Development Company Ltd and CrossBoundary Energy, the developer.

It is targeted to reduce carbon emissions by 13,000 tonnes as it is the first solar rooftop facility for a Nigerian mall, cutting the energy bill by 25 to 30%, explained Sokenu.

The Deputy High Commissioner, United Kingdom, Ben Llewellyn-Jones, said there was a need for more private sector-led partnerships.

Have you read?
Nigeria: Federal Government to spend $3b in power sector

In his remarks, the Managing Director/CEO of the Rural Electrification Agency (REA), Ahmad Salhijo Ahmad, said the federal government through REA is implementing the Energising Economies Initiative (EEI) to deploy clean renewable energy to thousands of businesses across markets, shopping centres and industrial facilities.

The REA head said by closing the energy gap with renewable energy, “we automatically cut down on the cost of running a business in Nigeria, which ultimately improves our business survival index.”

The Business Development Manager, CBE, Ugo Nwankwo, said the Jabi solar power plant has already cut down carbon emission by 413.78 CO2 which is equivalent to planting 39,220 trees.

Nomvuyo Tena
Nomvuyo Tena is a Content Producer at Clarion Events Africa and is as passionate about the energy transition in Africa as she is about music and Beyonce.