Talking on Wednesday in Lagos throughout a media chat held on the sidelines of the launch of Bellazir Power Ltd., Aliyu disclosed that he inherited quite a few stalled initiatives upon assuming workplace, however careworn that the company has made vital progress in resolving these challenges, the Information Company of Nigeria (NAN) experiences.
“One after the other, we paid all excellent money owed to contractors, mobilised them again to their websites, and ensured completion. If any stays incomplete, it’s possible as a result of inadequate finances provision, not abandonment,” Aliyu acknowledged.
“We’re focusing on near N1 trillion to proceed implementing important initiatives throughout the nation,” he mentioned.
He added that at present, there aren’t any deserted initiatives below the supervision of the REA.
In line with the MD, the REA has launched a number of daring initiatives geared toward closing the power entry hole and accelerating electrification, notably in rural and underserved communities throughout Nigeria.
A key initiative, he mentioned, is the institution of the Renewable Power Asset Administration Firm (REAMC), which was just lately authorised by the Minister of Energy, Adebayo Adelabu. The brand new firm, in response to Aliyu, will maintain giant REA initiatives on its steadiness sheet and use its property as leverage to lift substantial financing from the market.
REA to ascertain Renewable Power College
In a associated improvement, Aliyu revealed that the company is engaged on the creation of a Renewable Power College.
He mentioned feasibility research, led by a consulting agency, are already underway as a part of a broader effort to construct native technical capability and deepen experience in Nigeria’s power worth chain.
He additional outlined the progress below the Energising Schooling Programme (EEP) Part Three, which entails the electrification of eight federal universities. These embody:
- Modibbo Adama College, Yola
- College of Port Harcourt
- College of Uyo
- Federal College of Know-how, Owerri
- Federal College, Nasarawa
- Federal College, Lokoja
- Two different unnamed federal establishments
Aliyu mentioned preparations are already in movement for Part 4 of the programme, which is able to cowl one other eight universities: Obafemi Awolowo College, College of Ibadan, College of Lagos, College of Nigeria Nsukka, Ahmadu Bello College, College of Benin, and federal universities in Taraba and Jigawa states.
In keeping with efforts to spice up native photo voltaic power manufacturing, the REA boss disclosed that he just lately visited a photovoltaic (PV) panel manufacturing plant positioned in Ikotun, Lagos.
“There was debate over the federal authorities’s stance on PV panel importation. What we’re championing is localisation,” he defined.
“The Ikotun manufacturing facility has a 100 megawatt capability. We inspected their manufacturing line, high quality management, and requirements—all of that are promising. We’re working to help and replicate such investments throughout the nation.”
Aliyu additionally lauded the launch of Bellazir Power Ltd., describing it as a big milestone for gender inclusivity in Nigeria’s power sector. He famous that the corporate, being woman-led, indicators optimistic progress in creating alternatives for feminine management inside the business.
He added that Bellazir’s plans to develop into renewable power are encouraging and align with the REA’s broader mandate of selling sustainable power options.
Extra insights
On Monday, REA signed grant agreements with 9 renewable power corporations to supply electrical energy entry to 17.5 million Nigerians.
Aliyu, who spoke on the signing ceremony, mentioned the venture aimed to impress 17.5 million Nigerians by deploying 1,350 mini-grids.
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