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World Bank to Fund for Development of 1,000 Mini Solar Power Grids in Nigeria
Mini-grids, made up of small-scale electricity generating units, typically range in size from a few kilowatts to up to 10 MW, enough to power some 200 households.
August 07, 2023. By EI News Network
The World Bank is targeting to assist fund the development of 1,000 mini solar power grids in Africa's Nigeria in collaboration with the government and private sector.
Nigeria has installed a power generation capacity of 12,500 MW but generates a fraction of that.
As a result, many households and businesses rely on petrol and diesel generators for electricity.
Mini-grids, made up of small-scale electricity generating units, typically range in size from a few kilowatts to up to 10 MW, enough to power some 200 households.
According to World Bank President Ajay Banga, the goal is to expand the number of mini grids to 1,000.
He said, "We are putting another 300 in, but our ambition with the government is to go all the way to 1,000. We're talking about hundreds of millions of dollars that are being invested.”
World Bank data shows that in sub-Saharan Africa, 568 million people still lack access to electricity. Globally, nearly 8 out of 10 people without electricity live in Africa.
By deploying mini-grids, Nigeria can crucially upgrade access to electricity, consequently improving the lives of its citizens and fostering economic growth.
Nigeria has installed a power generation capacity of 12,500 MW but generates a fraction of that.
As a result, many households and businesses rely on petrol and diesel generators for electricity.
Mini-grids, made up of small-scale electricity generating units, typically range in size from a few kilowatts to up to 10 MW, enough to power some 200 households.
According to World Bank President Ajay Banga, the goal is to expand the number of mini grids to 1,000.
He said, "We are putting another 300 in, but our ambition with the government is to go all the way to 1,000. We're talking about hundreds of millions of dollars that are being invested.”
World Bank data shows that in sub-Saharan Africa, 568 million people still lack access to electricity. Globally, nearly 8 out of 10 people without electricity live in Africa.
By deploying mini-grids, Nigeria can crucially upgrade access to electricity, consequently improving the lives of its citizens and fostering economic growth.
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