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Home Business News

EU provides N4 bn solar energy funding to Adamawa

Damilare Famuyiwa by Damilare Famuyiwa
July 26, 2019
in Business News, Company News
Solar energy, EU, Adamawa, US-based solar company to invest $300m in Nigeria 

Solar panels

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European Union’s (EU) Head of Cooperation, Kurt Cornelis has disclosed that the EU would earmark about N4 billion for a solar project in Adamawa, Nigeria.

The project, which is a partnership between EU and Adamawa State, will see the European body providing solar energy to some health facilities in Adamawa.

Cornelis said, “In Adamawa, we are investing 10 million Euros out of the overall project budget to provide sustainable energy to eight health facilities across the state using solar PV.”

[READ MORE: Investors to access N300 billion as FG set to privatise power companies]

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Beneficiaries: The health institutions that have been programmed to benefit from the programme include general hospitals, tertiary health institution, and two primary healthcare centres.

Why this matters: The funding is aimed at ameliorating the challenges being experienced in the Nigerian health sector. The challenges, particularly lack of adequate power supply have often time been associated with Distribution Companies (Discos) controlling the state.

Deploying solar energy investments in the state will not just revamp the major challenge that has cost lives in the health sector, but will boost productivity and efficiency of health facilities.

What you should know: Erratic is the word that best describes the state of power supply in Nigeria, which is the bane of economic and industrial development in the country.

[READ ALSO: Nigerian Breweries pioneers Nigeria’s first solar-powered brewery]

It is arguable that the challenge is not just insufficiency of power to Nigerians, which could have been a bearable situation, but the major challenge Nigerians are faced with at large is that electricity in the country is erratic.

In this regard, it is almost impossible to predict when power from the national grid will be available for consumption. This can be equated to lack of power supply, as the work that needs power might have been done before it is restored.


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Tags: EUKurt CornelisSolar Energy
Damilare Famuyiwa

Damilare Famuyiwa

Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ). Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

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