REA Signs MoU On 1,265 Megawatts Renewable Energy

The Rural Electrification Agency (REA) has signed a Memorandum of Understanding (MOU) with five private developers to deliver 1,265 megawatts (MW) of Renewable Energy projects across Nigeria.
The deal, signed last Thursday, was aimed at electrifing rural and peri-urban communities, promoting economic growth and improving the living standards of its citizens.
The five developers which included A4&T Power Solutions, Eauxwell Nigeria Limited, Skipper Nigeria Limited, Havenhill Synergy Limited, and Privida Power, would develop interconnected mini-grids, isolated mini-grids, commercial and industrial projects, and Power Utility Entities under the Distributed Access through Renewable Energy Scale-up project.
The REA also signed an MoU with Mercy Corps to strengthen electricity cooperatives and ensure sustainable project operations.
In a Statement made available to newsmen, the Managing Director/Chief Executive Officer, REA, Abba Abubakar Aliyu, hailed the partnership, saying “this MoU demonstrates our commitment to rolling out the Renewable Energy Service Companies model, providing developers with a platform to become utility companies and attract investment to deploy mini-grids’.
Aliyu insisted that the milestone aligned with Nigeria’s efforts to enhance renewable energy access and reducing energy poverty.
Also speaking, the High Commissioner of India, G. Balasubramanian, praised the partnership, adding that “this signing will improve bilateral cooperation between India and Nigeria, sharing our experience to develop Nigeria’s energy sector”.
On their part, the developers expressed their enthusiasm for the project, with A4&T Power Solutions CEO Ayo Ademilua appreciating REA’s support and ambition.
The Chief Executive Officer, Privida Power, Omo Williams, pledged support for REA, while Managing Director, Skipper Nigeria Limited, Ankit Kumar, emphasised the impact of the project on the lives of Nigerians.
Representative of Eauxwell Nigeria Limited, Chibuzo Enwegbara, and Managing Director,  Havenhill Synergy, Odunaya, reiterated their commitment to delivering the projects.

By: Lady Godknows Ogbulu