Sun Africa LLC, a prominent international organization focused on supporting energy needs in Africa, has pledged a substantial investment of approximately $2.2 billion for the development of Nigeria’s power sector.JAMB Portal
This commitment was announced by Nigeria’s Minister of Power, Adebayo Adelabu, following a meeting with representatives of Sun Africa, including its Chairman, Goran Rajsic.
The news came in a statement issued by the Federal Ministry of Power (FMP) in Abuja on Sunday.
According to the FMP, Sun Africa LLC will collaborate with the Federal Government of Nigeria to enhance vital power infrastructure across the country. This significant financial pledge has been formalized, marking a crucial step in Nigeria’s efforts to improve and expand its power sector infrastructure.InformationGuideNigeria
See Other Top Stories:
- Man jailed six months for stealing refrigerator, others
- Kwara police arrest suspect over poly student murder
- Presidency: Emulate George Weah, congratulate Tinubu – LP faction to Obi, Atiku
- PDP records landslide victory in Taraba local council poll
This investment is expected to have a positive impact on Nigeria’s power supply and contribute to the country‘s overall economic growth and development.
“The initial phase of the project will focus on delivering 961 MWp of solar PV infrastructure and 455 MWh of battery energy storage, valued at approximately $2.2bn.NYSC PORTAL
The statement quoted Adelabu as saying, “As Africa’s largest economy, Nigeria faces significant demands for new power infrastructure to support economic needs and transition to a sustainable.”
Check JAMB Result
Check and Confirm: How much is Dollar to Naira
