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The Federal Government of Nigeria has signed the International Energy Charter to enhance energy security, provide employment and reduce poverty in Nigeria.
The government consequently launched a National Energy Summit, a framework to monitor collaboration with the Charter which is not a legally-binding obligation to strengthen international energy co-operation between countries.
The grant, which was received by Community Energy Enterprises Limited (CESEL), a private Nigerian company, is for the development of solar micro grids in 25 communities across Nigeria in Bayelsa, Ondo, Ogun and Osun states. CESEL, and its American counterpart, Renewvia Energy Corporation, signed the $767,512 agreement to provide solar energy for the communities on ‘pay-as- you-go’ basis.
The CESEL Managing Director, Patrick Tolani, signed the agreement on behalf of his company while Clay Taber, Managing Director of Renewvia, signed for his firm, at the Power Africa office in Abuja.
Oriental Renewable Solutions, a subsidiary of the Oriental Group, has formed a 50:50 equity partnership with GreenWish Partners to co-develop a 50 MW solar PV project in Jigawa State, Nigeria.
Oriental has already signed a 20-year, dollar denominated Power Purchase Agreement (PPA) with the Nigerian Bulk Electricity Trader (NBET) in July 2016.