Eunice Kalu
Lagos — Nigeria is to receive $2.2 billion support in vital power infrastructure from an international firm, Sun Africa LCC, according to the Minister of Power, Adebayo Adelabu.
Adelabu disclosed this after a meeting in Abuja with representatives of Sun Africa LCC, headed by its chairman, Goran Rajsic.
A statement by the Federal Ministry of Power, said the company which assists Africa in meeting its energy needs, will support the Federal Government in giving fundamental power infrastructure to Nigeria, asserting that the commitment had been formalised.
“The initial phase of the project will focus on delivering 961 MWp of solar PV infrastructure and 455 MWh of battery energy storage, valued at approximately $2.2bn.
“Sun Africa, with its partners, is set to implement this transformative project in the coming months,” the statement read.
The minister noted that Nigeria faces significant demands for new power infrastructure to support economic needs and transition to a sustainable one.
He said: “As Africa’s largest economy, Nigeria faces significant demands for new power infrastructure to support economic needs and transition to a sustainable one.
“The commitment from all parties involved, ensures a close collaboration to execute this vital renewable power infrastructure, addressing the nation’s requirements.”
Rajsic expressed gratitude toward the partners for their support in designing the project, featuring leading solar PV and battery storage technologies, financed with affordable, long-term debt under OECD guidelines.
