- Nigeria’s Rural Electrification Agency’s MD/CEO, Ahmad Salihijo Ahmad has signed Output-Based Fund (OBF) Grant Agreement with 7 Solar Home Systems (SHS) companies, increasing the number of companies in our SHS portfolio from 12 to 19.
The target is to electrify over 1 million households and 90000 micro, small and medium scale enterprises with reliable and affordable electricity. The SHS Component is one of the best performing components under Nigeria Electrification Project (NEP)
With the signing of these grant agreements, there are expectations for significant upscaling of the Solar Home System Market in Nigeria to enable REA electrify 1 Million households by the end of the project.
The REA SHS Component Head, Ifunanya Nwandu-Dozie, commented “I am very happy that despite the strains due to the COVID-19 pandemic, we still hit this milestone in 2020 while pushing forth the mandate of powering homes in Nigeria using the Standalone Solar Home Systems.
REA, in collaboration with the Federal Government of Nigeria, has secured funds from the World Bank ($350m) and African Development Bank ($200m) for the initiative.
Some of the first grant recipients includ PowerGen Renewable Energy, A4&T Integrated Services Limited, ASOLAR Systems Nigeria Limited, Txtlight Power Solutions Limited (Lumos Nigeria), Greenlight Planet, Smarter Grid International and Solar Energy by D. light Limited.
The most recent grant recipients where not named in the press release.
Author: Bryan Groenendaal
