According to him, the programme is expected to provide off-grid reliable and clean electricity supply to 705,000 households, 90,000 micro, small and medium enterprises.
The MoU aims to strengthen the strategic partnership between the REA through the SPN Programme and InfraCredit to catalyse long-term local currency investments into the Nigeria solar off-grid space.
The Nigeria Electrification Project (NEP), Project Management Unit (PMU) of Rural Electrification Agency (REA) has signed a Performance-Based Grant agreement, a sub-component of the NEP solar mini-grid with Messrs. Wavelength and Maskh Nigeria Limited.
Sylva’s resignation comes at a time of political transition in Nigeria, with President Muhammadu Buhari serving his final weeks in office before giving way to President-elect Bola Tinubu on May 29.
It said: “We are pleased to announce the successful restoration of ST-6 after extensive repairs, including replacement of HIP & LP steam turbine blades and Generator overhauling, in addition to the in-house inspections for Boiler and Balance of Plant.
The conglomerate saw a 7% increase in its Power investments, despite the challenges faced in the year from the issues with gas supply, off the diminished Oil & Gas production in the country in 2022.
