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Monday, 19 May 2014

EU Pledges Support for Nigeria’s Power Projects

The European Union (EU) has stated its intention to help Nigeria source for funds to undertake various capital projects planned to boost and stabilise electricity supply in the country.
The EU, which described Nigeria’s energy sector as one of its priority sectors disclosed that it was willing to help the country close up the gap in financing some of its key capital projects in the sector.
Head of Delegation of the European Union to Nigeria and Economic Community of West African States (ECOWAS), Ambassador David Macrae, made this disclosure to the Permanent Secretary in the Ministry of Power, Ambassador Godknows Igali, when he led a delegation on a courtesy visit to the ministry in Abuja.
Macrae promised EU’s support for capacity building, adding that the EU is most interested in ensuring effective power transmission to the rural areas through the government’s rural electrification programme which is been midwife by the Rural Electrification Agency (REA).
He also stated his preference for the planned arrangement to bring to Nigeria trainers, rather than Nigerians going abroad for such trainings as required in the power sector, noting that such measures were more cost effective and extensive in coverage.
Macrae explained that the EU would also concentrate on setting up streams of renewable energy sources for use across Nigeria.
Responding, Igali told the delegation that the Federal Government had decided to make hydro power generation the focus of its new energy mix for the country considering the environmental degradation associated with fossils power generation.
He also explained that the comparative advantage of the new drive over fossil-based power generation was more on the ability of small hydro power generation to be transmitted off-grid for use by small rural communities around such dams, adding that the plan would boost rural electrification.
According to him, there are about 200 dams across the country that were hitherto constructed for purely irrigation purposes, but can now be adaptable for electricity.

Source: thisdaylive.com