The gas-dependent country has experienced intermittent power supply due to attacks on oil installations, leading to the bursting of gas pipelines, reports Vanguard.
In an exclusive interview with the paper, Dr Rabiu Suleiman, the group general manager for the renewable energy division at NNPC, said the company is ready to collaborate with stakeholders in the power sector to develop the renewable sector, particularly solar.
Suleiman disclosed that the NNPC would soon sign a Memorandum of Understanding with an indigenous firm, NIGUS International, in order to form a common partnership towards transforming the entire country in the use of alternative energy.
He said: “It is a very welcome development and this is an effort that government has been making for several years. It forms part of the various discussions that President Muhammadu Buhari has undertaken in different countries including China and United State of America.
“Most importantly during the COP 21 in Paris and most recently in America, the President committed himself to the United Nations conventions and requirements to reduce carbon footprint.”
Buhari reiterates commitment
Nigerian minister of environment, Amina Mohammed, representing the president at COP22 held in Morocco last year, explained how the country was planning to develop the renewable energy sector.
Contained in his presentation, Mohammed said government is planning to launch the first green bond in Q1 2017, which will serve to fund a pipeline of projects that were targeted at reducing emissions.
Renewable energy body
In November 2016, the annual West African Power Industry Convention witnessed the launch of the Renewable Energy Association of Nigeria (REAN).
REAN is an umbrella association for organisations working across the renewable energy spectrum within the country, including renewable energy enterprises, project developers and promoters.
The association is set to provide a strong private sector voice to call for policies and regulation, which catalyse the growth of the renewable energy market, and increase finance to the sector.