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World Bank investment to boost power supply

26 June 2013, 09:26Augustine Osayande

Abuja - The World Bank's multimillion dollar investment in a solar project at a university in Sokoto is poised to address Nigeria's energy demands.

The financial institute invested N67.2 million (US$4.2 million) in Usman Danfodiyo University’s solar panel project, which would be executed under the University’s Directorate of Science and Technology Post Basic Education (STEP-B) programme.

The Vice Chancellor of the University, Professor Riskuwa Shehu, said the project would enhance electricity generation as part of measures to help the power supply in the state and the country in general.

“It will also bolster our revenue base, enhance capacity building, as well as reduce the costs of the provision of renewable energy.

"The production of solar panels will help to reduce massive importation,” he said.

The World Bank grant will also enhance research in renewable energy, training and the purchase of equipment for the project.

The equipment has since been purchased and is expected in Nigeria soon.

The World Bank recently selected the University's Energy Research Centre as one of several centres of excellence in renewable energy.

Renewable energies are viewed as a long term solution to Nigeria's power crisis.

- CAJ News


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