Nigeria Business Information
No Result
View All Result
Thursday, June 30, 2022
  • Login
  • Register
  • Home
  • Tenders
  • Auction
  • News
  • Grant
  • Subscription
Subscribe
Nigeria Business Information
  • Home
  • Tenders
  • Auction
  • News
  • Grant
  • Subscription
No Result
View All Result
Nigeria Business Information
No Result
View All Result
Home Nigeria News

Private Collaboration in Solar Power Investment Will Cut Energy Bills – FG

by SAMUEL Olugbenro
April 22, 2021
in Nigeria News
Speaking when he inspected 609 kilowatts peak (kWp) Jabi Lake Mall hybrid solar power plant in Abuja, The Minister of State for Power, Mr. Goddy Jedy-Agba said that with the collaboration of the private sector in renewable energy sources across the country, the bills paid by Nigerians who deploy solar as an alternative would be significantly reduced.

Jabi Lake Mall hybrid solar power plant was built by Actis, a United Kingdom firm.

READ ALSO: Embark on Measures to Enhance Youth Competitiveness – Adesina

While advising Nigerian to embrace the off-grid option, Jedy-Agba further called on investors to build more partnership with the Distribution Companies (Discos) who have the franchise so they can work together on similar projects to the benefit of all parties.

“Actis is proving that one can cut down energy bills through this project and this should be replicated in other places. The solar hybrid project at Jabi Lake Mall is another example of Nigeria’s pioneering role in clean energy transition,” he stated.

RelatedPosts

Palladium- Request For Quotation For The Supply Of Monthly Virtual Top Up (VTU) For Mobile Phones, (All GSM Networks) Smile And Spectranet MODEMs For USAID Integrated Health Program (IHP) Staff

Palladium- Request For Quotation For The Provision Of Travel Agent Services For USAID Integrated Health Program (IHP)

Palladium- Request For Quotation For Courier/Bulk Haulage Service For USAID Integrated Health Program (IHP)

The minister who recently inaugurated several such projects across the states, noted that he was impressed with the work done on the facility and encouraged Nigerians to borrow a leaf from the Mall.

The Managing Director of the Rural Electrification Agency (REA), Mr. Ahmad Salihijo Ahmad, described solar energy as clean, safe and reliable, noting that a lot was being done to make such sources of energy available to power the Nigerian economy.

Ahmad said the federal government through the REA was implementing the Energising Economies Initiative (EEI) to deploy clean renewable energy to thousands of businesses across markets, shopping centres and industrial facilities.

The REA helmsman affirmed that closing the energy gap with renewable energy will automatically cut down on the cost of running businesses in Nigeria, which will ultimately improve the country’s business survival index.

“Energising clusters with high economic activities and potential enables us to achieve positive environmental and economic impact using renewable energy. The critical role reliable energy plays in the life of a business cannot be over-emphasised.

“By closing the energy gap in the business landscape in Nigeria through the optimisation of renewable energy solutions, we automatically cut down on the cost of running a business in Nigeria, which ultimately improves our business survival index,” he stated.

In his comment, Actis Investment Principal, Mr Tolu Sokenu, explained that Actis/Jabi Lake Holdings Limited, was marking the one-year anniversary of the plant.

He stated that the minister’s visit was, “To showcase large-scale sustainable solar energy projects in Nigeria and to highlight private sector investments (Actis) in sustainable buildings and power supply in Nigeria.”

He added that the 25,000 square metres mall is the first of its kind in Abuja offering office and shopping space to 106 brands that include Shoprite, Game, and Silverbird as well as parking capacity for 733 vehicles.

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 Cross Boundary Energy, the developer.

He emphatically stated that the project has already cut the energy bill by 25 to 30 per cent and will also reduce carbon emissions by 13,000 tonnes,

TOOLKIT: Are You New to Tenders/Contract Bidding and Require Assistance? CLICK HERE

ShareTweetShare

POPULAR

  • Catholic Relief Services (Crs)

    Catholic Relief Services (CRS)- Invitation To Tender For The Supply Of Goods And Services

    0 shares
    Share 0 Tweet 0
  • International Organization For Migration (IOM)-Request For Quotation For The Supply Of Of CGI, Cap Nails And Ridge Caps

    0 shares
    Share 0 Tweet 0
  • How to Check for your Individual TIN (Tax Identification Number) Online

    0 shares
    Share 0 Tweet 0
  • Download List of NGO/Government Tenders with June 2022 Deadlines

    0 shares
    Share 0 Tweet 0
  • Achieving Health Nigeria Initiative (AHNi)- Request For Quotation For Supply Of Medical Laboratory And PWIDs Consumables

    0 shares
    Share 0 Tweet 0

Copyright © 2021. All Right Reserved Nigeria Business Information

No Result
View All Result
  • Home
  • Tenders
  • Auction
  • News
  • Grant
  • Subscription

Copyright © 2021. All Right Reserved Nigeria Business Information

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

instagram volgers kopen volgers kopen buy windows 10 pro buy windows 11 pro

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.