Minister lauds US consortium investment in power
from OKORO CHINEDU in Lagos, Nigeria
LAGOS – THE Minister of Power, Professor Chinedu Nebo, welcomed the investment into the local power sector by a consortium of United States investors.
Earlier this week, the MOTIR SEASPIRE, the consortium, signed a Memorandum of Understanding (MoU) with the federal government to ensure the provision of more than 1 000 megawatts (MW) of solar-powered electricity in the country in the coming two years.
Nebo hailed the investment saying it was in line with the Transformation Agenda of the President Goodluck Jonathan’s administration as well as the Power Africa initiative of United States President, Barack Obama.
“We must support this project, as it will be in line with President Jonathan’s long time wish for Nigeria to benefit from its abundant solar potentials especially those in rural areas. Through a project like this, these areas will be linked to the grid system,” Nebo said in Abuja.
It is estimated that 120 million Nigerians –out of a total of 160 million- do not have access to power.
– CAJ News
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