this was contained in a statement by his Special Assistant Media, Olawale Rasheed, adding that Wakil made the disclosure while receiving the Vice President of China Hydro International, Han Yang.
Wakil explained that the wind farm is part of the Federal Government’s grand vision to use renewable energy to supplement power generation from conventional means and satisfy the energy needs of Nigerians.
The minister said government is serious about harnessing clean energy available in abundant wind, solar and hydro resources of the country to address the power challenges facing the nation.
“As we are conversing now, we have concluded work on the National Policy on Renewable Energy and Energy Efficiency. The policy will harness and provide focal point for all national efforts on renewable energy.”
This is in line with the commitment of the President to the Economic Community for West Africa (ECOWAS) as well as the need for us as a nation to diversify our sources of power supply.
“We are committed to driving the president’s agenda, his vision of a Nigeria where in the next one decade, more than 30,000mw of electricity will be generated from renewable sources. It is to that end that we are also working on Presidential Initiative on Renewable Energy for power generation.
“This is to provide needed political support at the highest level of government for local and foreign investment and drive in solar, wind, small hydro and bio mass power.
“As at today, Morocco is the leading wind power country in Africa. Nigeria hopes to surpass that North African country before long. We are at an advance stage on the Katsina wind farm which will soon be completed. Other parts of the country are great areas for wind and solar power. The draft renewable energy policy that we just finalized when finally approved will provide an integrated framework for all stakeholders especially investors in clean energy form power generation.
“We appreciate and envy China’s great strides in the field of renewable for power generation. Many Chinese investors are already in this country. We welcome genuine investors and we offer them generous incentives including attractive tariffs and ease of profit repatriation”, the minister said.
Speaking earlier, Han Yang said his firm is interested in collaborating with Nigerians for investment in all sectors of renewable energy, explaining that his firm has more than fifty years experience in executing projects in solar, wind and hydro power.
“We are in Nigeria to explore investment opportunity and we are satisfy with details provide by the Minister”.
*Obasa Esiedesa-Daily Independent