Sun Africa Set To Commit $2.2bn Towards Nigeria’s Power Sector Devt
Sun Africa LLC, an international organisation that supports Africa’s energy needs, has declared commitment of about $2.2bn for the development of Nigeria’s power sector.
This was disclosed by the Minister of Power, Adebayo Adelabu, after a meeting with representatives of Sun Africa, led by its Chairman, Goran Rajsic, according to a statement issued in Abuja on Sunday by the Federal Ministry of Power.
The ministry stated in its statement, “The initial phase of the project will focus on delivering 961 MWp of solar PV infrastructure and 455 MWh of battery energy storage, valued at approximately $2.2bn.
“Sun Africa, with its partners, is set to implement this transformative project in the coming months."
Adelabu was quoted in the statement, saying, “As Africa’s largest economy, Nigeria faces significant demands for new power infrastructure to support economic needs and transition to a sustainable.”
On his part, Rajsic applauded the partners for their support in designing the project, featuring leading solar PV and battery storage technologies, financed with affordable, long-term debt under OECD guidelines.
The ministry also said Sun Africa was collaborating with Sterling & Wilson Renewable Energy Limited, its EPC partner, by playing a pivotal role in providing EPC services for the initial project phase.
Following this, It noted that the joint efforts signified a remarkable milestone in advancing sustainable and reliable energy solutions for Nigerians, aligning with the commitment to driving positive change through innovative renewable energy solutions.