Lagos- Nigeria has signed a key agreement with one of India's biggest energy firms as part of efforts to explore other alternative measures to boost power generation in the country.
The agreement with Bharat Heavy Electricals will culminate in the company establishing an off-grid solar powered system.
According to a statement by the Ministry of Power, Bharat has been given approval to begin studies for the setting-up of solar based independent projects in selected locations starting with Bida in Niger State.
Permanent Secretary, Dr Godknows Igali, signed the solar power agreement on behalf of the Nigerian Government, while the Secretary, in the India Department of Heavy Industry, Dr Sutanu Behuria, signed for Bharat.
Igali said the pact with Bharat would unbundle the enormous potentials in the Nigeria power sector and assured the visiting Indians of Nigeria’s open door policy for genuine investors in the sector.
Behuria expressed his country’s desire to provide funds in various forms for the development of Nigeria’s power sector, assuring that his company had capacity to deliver, having garnered experience from operations in 12 African countries.
Nigeria currently generates less than 30 percent of its power needs with several hydro power projects still protracted years after been commissioned.
This has resulted in serious power outages that have hit domestic and industrial consumers hard.
- CAJ News