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Sunday, December 4, 2022

FG signs €9.3m electricity contract with EU, Germany

The German government and the European Union (EU) have signed a €9.3 million electricity contract agreement for the construction of 23 mini-grids by eight local solar developers. 

U.S to publish executive order on crypto next week

The electricity contract, which was signed as part of the Interconnected Mini-grid Acceleration Scheme (IMAS), aims to increase the electricity supply in rural areas. 

As part of the initiative, eleven states in Nigeria are part of the beneficiary to the 23 mini-grids.

In two years, the project, which is being coordinated by the Rural Electrification Agency (REA) with support from the European Union and the German government through the Nigerian Energy Support Programme (NESP), is expected to generate 5.4 kilowatts of electricity, connecting about 27,600 households and affecting over 138,000 Nigerians. 



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