The Rural Electrification Agency (REA) yesterday signed several Memorandums of Association (MoUs) as part of its plan to supply renewable energy solutions to 17.5 million underserved Nigerians.
The Renewable Energy Service Companies (RESCOs) the agency signed the deals with included: Ashlpa Electric Ltd; De-Janees Concepts Ltd; Fox Power Ltd; MBH Power Ltd; Okra Solar PTY Ltd; Oando Clean Energy; Sosal Renewable Energy Ltd and Welight Nigeria Ltd.
Speaking at the event, the Managing Director and Chief Executive of the REA, Abba Aliyu, stated that President Bola Tinubu has given the organisation a clear mandate to make Nigeria the renewable hub of West Africa.
Stressing that the country has a total of about 86 million persons without access to electricity, Aliyu stated that to achieve that supply, there was a need to fill the huge funding gap and domestication of the renewables value chain.
Aliyu added that the current government has signed the biggest public sector funded renewable project in the entire Sub-saharan Africa, reiterating that the implementation of the $750 million programme has already started.
