Ayomide Oriade
In a bid to develop Nigeria’s Nigeria small scale renewable energy sector, the federal government on Wednesday got a facility worth $200 million from Germany.
The green loan received from the German Development Bank (KFW) would support small and medium enterprises specifically for development of renewable energy sources and other energy efficiency projects.
Leader of the German delegation; Renate Von Bodden who disclosed this at a Bi-national Commission’s meeting on energy between both countries in Abuja said Nigeria was also provided with another facility worth €5 million, which was set aside for technical assistance to Nigeria’s power sector through the same KFW.
She explained that with its endowed capacity, the German agency was willing and able to provide the required experience that would be useful to Nigerians in developing her capacities in renewable energy projects.
Minister of Power, Prof. Chinedu Nebo, in a statement commended the Germans for the various projects they had undertaken in Nigeria, adding that the co-operation between Nigeria and Germany is a good example of how we can mutually work together for the benefit of our people.
According to him, Germany had rendered support for the Azura project which has reached an advanced stage for fund draw down and has also approved the 1 megawatt (MW) renewable electricity project for the University of Ibadan after the last Bi-national meeting in Berlin, which will create opportunities for research for better renewable sources of power against the nuisance created by diesel run generators.
The success of this project, he said would be a template upon which others would be replicated in universities across the country.
