The Enugu State Government in a bid to expand electricity supply, attract clean-energy investments and provide more reliable power for homes and businesses at an attractive price has secured a $200 million investment for a 100mw solar power program.
The investment program coordinated by the Special Adviser to Enugu State Governor on Climate and Sustainable Development, Prof. Chukwumerije Okereke through the state’s Climate and Development Investment Platform, CDIP, seeks to deploy distributed solar generation supported by battery storage to provide more dependable electricity for communities and businesses.
At the meeting with delegates from Eauxwell Nigeria Limited, the Enugu State Governor Dr. Peter Ndubuisi Mbah acknowledging the benefits of the investment stressed the need to review the tariff, balance legitimate cost recovery by investors with electricity prices that households and businesses can afford.
“We want an electricity market that encourages competition and gives consumers the benefit of competitive pricing,” Mbah said.
“Cost recovery is important, but we must also ensure that the tariff is affordable to our people and businesses,” Mbah said.
Governor Mbah pledging the state government’s support by removing bureaucratic and institutional bottlenecks that could delay delivery of the project, called for a shorter implementation timeframe.
In his response, the Managing Director Eauxwell Nigeria Limited, Mr. Enwegbara acknowledging the need to strike a balance that will benefit both parties, promised the final tariff would be determined in collaboration with the relevant electricity regulators.
“The proposed 100MW program will deploy distributed solar generation, supported by battery storage, providing more dependable electricity for communities and businesses while also supporting productive activities, including agricultural processing, small businesses and other enterprises whose operations depend on reliable power,” MD, Eauxwell Nigeria Limited explained.
Meanwhile, Olufemi Akinyelure, Head of the Nigeria Electrification Program at the Rural Electrification Agency, who joined the meeting virtually, explained the structure, objectives and implementation processes of the DARES program; the Distributed Access through Renewable Energy Scale-Up (DARES) program is a $750 million World Bank-funded initiative in Nigeria. Led by the Rural Electrification Agency (REA), it builds on the previous Nigeria Electrification Project (NEP) to expand clean, off-grid electricity access.
The meeting had in attendance the Secretary to the State Government, Prof. Chidiebere Onyia, who is also the chairman of the CDIP Steering Committee; the State Attorney General and Commissioner for Justice, Barr. Osinachi Nnajieze; the Commissioner for Environment and Climate Change, Prof. Sam Ugwu; Commissioner for Trade and Investment, Dr. Sam Ogbu-Nwobodo; and Commissioner for Lands, Barr. Chimaobi Okorie.
Others include the Special Advisers to the Governor on Project Delivery and Power, Ozurumba Afigbo and Joe Aneke, respectively, and the Chairman of the Enugu State Electricity Regulatory Commission (EERC), Mr. Chijioke Okonkwo.
Delegates from the Eauxwell Nigeria Limited are the Director of Business Development, Mr. Kingsley Okenyi; the Head of Project Management, Mr. Lazarus Agu; and Project Engineer, Victoria John; the team was led by the Managing Director, Mr. Edwin Enwegbara.
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