O&G Exhibition in Africa O&G and P&E Exhibitions in Africa P&E Exhibition in Africa
Back To Home

BoI disburses N75.8m to off-grid solar companies

The Bank of Industry (BoI) on Friday disbursed N75.8 million to GVE Projects Ltd,, and Arnergy Solar Ltd. to provide solar home systems to off-grid communities in six states.

The states for the pilot phase for the take-off are, Anambra, Delta, Niger, Osun, Kaduna and Gombe. The Managing Director, BoI, Mr Rasheed Olaoluwa, while presenting cheques to the recipients, said the project was being implemented by the bank in collaboration with the United Nations Development Programme (UNDP).

Olaoluwa said that UNDP which has 50 per cent stake in the project had contributed $1.6 billion. He said that the project was divided into the Stand alone, which costs N31.6 million, and the Micro-Grid, which costs N44.2 million, making a total of N75.8 million. Olaoluwa stressed that the project would involve the National Agency for Science and Engineering Infrastructure and local meter manufacturers. He stated that the project would be operated on a Pay As You Go basis without any threat to existing electricity distribution companies.

Source : energymixreport.com/
Posted On: 7/6/2015 12:00:00 AM

Exhibitions in Africa

Advertisements

Place Your Add here
gautamsolar
geothermal_association
tcpak.com
INMESOL POWER SOLUTIONS
Oilserv Limited
POWERSPOT
cargostore.com
Energy environment Engineering

Support

Ask your questions by e-mail: here

OGPE Africa

© 2014-2024 | OGPEAfrica © All rights Reserved
Sitemap | Imp_Links | Media Partners

OGPE AFRICA is an industry leading and most reliable directory, news and trade fair information website for power, energy, oil, gas, coal, nuclear, wind, hydropower and solar sector in Africa. OGPE Africa helps you find suppliers, contract tenders, importers, exporters, buyers, sellers, distributers and manufacturers of petroleum and fuel products, connected plant, distributed energy, pipeline and drilling equipment, power plants equipments, oil well equipment, emergency equipment and vehicles, drilling tools & cables, wires, transformers across Africa in Kenya, Uganda, Tanzania, Nigeria, Ghana, South Africa, Ethiopia, Egypt, Mozambique, Zambia, Zimbabwe, Angola, Morocco, Senegal, Rwanda, Congo.

Get In Touch