• Contact Us
  • About Us
Monday, December 22, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

Germany, EU plan 500MW renewable energy for Nigeria

metro by metro
March 5, 2018
in Economy
0
0
SHARES
0
VIEWS

Germany is collaborating with the European Union to increase power generation in Nigeria by 500 megawatts (MW) through renewable energy to serve 100,000 people.

Iner Hommers, The Programme Head, Nigerian Energy Support Programmme (NESP), said in Abuja at a presentation of a compendium of the achievements of the Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ).

Read Also

FG Projects 2026 Deficit Of 4.28% Of GDP As Tinubu Proposes Spending Plan

Banks To File Reports On Accounts With N25m Quarterly Turnover Under New Tax Law

FG Approves 2026 Fiscal Plan, Targeting 2.06m bpd, $64 Crude Oil Benchmark, N1,512/$1 Exchange Rate

Hommers said that 33 million Euros had been earmarked to execute the project which is the second phase of NESP to enhance further developments in Nigeria’s power sector, especially renewable energy.

She said the EU would provide 20 million Euros in the programme while the German government through, its federal ministry of economic cooperation and development, would give 13 million Euros to support it.

”The programme will ensure as part of its schedule that up to 500 MW of solar photovoltaic electricity would be procured and generated to serve about 100,000 people.

“It will also provide support to renewable energy operators to scale up their electricity provision,” she said.

She added that it was also to support Nigeria’s provision of stable data for electrification planning, sustainable on-grid and off-grid electricity, as well as creating an enabling environment for renewable energy and energy efficiency investments.

Hommers explained that the new financial package would be used in the second phase of the NESP which would last from December 2017 to November 2020.

She stated that the first phase of the NESP was successful and contributed in providing electricity to about 10,000 people in Sokoto, Niger, Ogun, Cross River and Plateau.

The European Union Ambassador to Nigeria and ECOWAS, Mr Ketil Karlsen, stated at the event that studies had shown that Nigeria could generate up to 53,950MW of electricity from solar and hydro sources.

He said there was a need for to ensure that right investments were made in this regards.

Karlsen explained that the success of the first phase of the NESP inspired the EU to continue with its support for the second phase.

He called for a replication of the same expertise that was used in implementing the first phase. (NAN)

Tags: renewable energy
Previous Post

VAIDS: Demand for written notice from tax officials, Adeosun advises tax payers

Next Post

Med-view incident : No injuries recorded, says CPC

Related Posts

FG Projects 2026 Deficit Of 4.28% Of GDP As Tinubu Proposes Spending Plan
Economy

FG Projects 2026 Deficit Of 4.28% Of GDP As Tinubu Proposes Spending Plan

December 19, 2025
Households Earning Less Than N250,000 Or Less Monthly Won’t Pay Tax-Oyedele
Economy

Banks To File Reports On Accounts With N25m Quarterly Turnover Under New Tax Law

December 13, 2025
Nigeria’s Banking Recapitalization: A ‘Too Big To Fail’ Scenario In The Making?”
Economy

FG Approves 2026 Fiscal Plan, Targeting 2.06m bpd, $64 Crude Oil Benchmark, N1,512/$1 Exchange Rate

December 3, 2025
Debt Crisis Hits New Highs In Developing Nations, Relief Deal Needed, Says UN
Economy

Worries As Nigeria’s Public Debt Keeps Rising, N152.39 trn  In Q2 2025

December 2, 2025
Next Post

Med-view incident : No injuries recorded, says CPC

Whiplash: How Trump’s Threat To Strike Nigeria Further Reshuffles Pentagon Priorities 

US Suspends Green Card, Citizenship Applications For Nigerians Under Expanded Travel Restriction Policy

December 21, 2025
Nigerians Overstaying Visa Risk Serious Sanctions, US Warns, Says “No Honest Mistakes”

Amid Brewing Backlash, Trump Set To Expand Immigration Crackdown In 2026

December 21, 2025
Heirs Energies Agrees $750m Afreximbank Financing For Long-Term Growth

Heirs Energies Agrees $750m Afreximbank Financing For Long-Term Growth

December 21, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version