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BOI Gives N75.8m To Energy Firms To Provide Solar-Power

Editor by Editor
July 5, 2015
in Uncategorized
774MW Generation Licenses For Solar & Gas
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  • The states for the pilot phase for the take-off are, Anambra, Delta, Niger, Osun, Kaduna and Gombe.
  • The Bank of Industry (BoI) on Friday disbursed N75.8 million to two alternative power firms, GVE Projects Ltd and Arnergy Solar Ltd., to provide solar home systems to off-grid communities in six states.
  • The Managing Director, BoI, Mr Rasheed Olaoluwa, while presenting cheques to the recipients, said the project was being implemented by the bank in collaboration with the United Nations Development Programme (UNDP).
  • Olaoluwa said that UNDP which has 50 per cent stake in the project had contributed $1.6 billion.
  • He said that the project was divided into the Stand alone, which costs N31.6 million, and the Micro-Grid, which costs N44.2 million, making a total of N75.8 million.
  • Olaoluwa stressed that the project would involve the National Agency for Science and Engineering Infrastructure and local meter manufacturers.
  • Source:NAN

 

 

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