Minister of Power, Adebayo Adelabu — Photo Source: News Agency of Nigeria

Sun Africa pledges $2.2bn for Nigeria’s power sector devt

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.

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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

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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.”