…As Powerelec Nigeria 2025 conference holds in Lagos
The Managing Director, Verifair, Jeen Joshua has said that reinforcing Public Private Partnerships (PPPs) in the energy sector was imperative for Nigeria to address energy challenges as well as jointly harness resources for transition to renewables.
Joshua made the observation in a release to announce the international trade fair and conference on solar, renewable, storage, power and electrical industry for West Africa, dubbed Powerelec Nigeria 2025.
“Ramping up the energy infrastructure further, and integrating renewable power into the grid will go a long way in addressing the energy crisis faced by Nigerians with an estimated 85 million people suffering from frequent blackouts with an overstretched national grid unable to cope with the demand.
“Reinforcing and redrawing the PPP models with focus on generating a significant share of power from renewables could also be part of the remedy to address this critical situation,” Joshua said
He also said that the exhibition and conference would run from January 13 to 15, 2025 in Lagos, bringing a broad spectrum of public and private sector stakeholders and energy industry experts under one roof to showcase products and solutions and to deliberate on addressing the challenges of Nigeria’s energy security.
While announcing the official opening ceremony, he said that some of the important personalities expected were Baba-Umara Mustapha, director-distribution, Federal Ministry of Power, Govt of Nigeria; Biodun Ogunleye, commissioner, Lagos State Ministry of Energy and Mineral Resources, and Shri Chandramouli Kumar Kern, Consul General, Consulate General of India, Lagos, Nigeria.
Powerelec Nigeria 2025, he said, serves as a pivotal platform for fostering meaningful public-private partnerships that drive the acceleration of Nigeria’s energy transition.
Joshua noted that some of the main sponsors of Powerelec Nigeria 2025 included SunGrow, HINEN, SUNWODA, Sun King, CWorth Energy and ZNSHINE
According to him, India Pavilion at the Show was hosted by FIEO- Federation of Indian Export Organisations, an Apex body of Indian exporters under the Ministry of Commerce, Government of India. On the sidelines of the global event also will be the release of the ‘Annual Africa Solar Energy Report’ by the Africa Solar Industry Association (AFSIA).
Read also: Business owners want Imo govt to adopt PPP for economic development
According to International Renewable Energy Agency (IRENA), nearly 60 percent of Nigeria’s energy demand can be met from renewable energy sources by 2050, which will go a long way in addressing energy challenges in the context of growing population and socio-economic pressures, as well as in contributing to climate mitigation. IRENA also pointed to the abundant untapped renewables in Nigeria that should be harnessed for the transition.
“The shift towards energy transition through PPP models also got a fillip with the World Bank advancing a US$750 million credit to Nigeria to support the country’s Nigeria Distributed Access through Renewable Energy Scale-up (DARES) project. Apart from this, Nigeria’s Renewable Energy Master Plan (REMP) and plan to install utility-enabled distributed energy has opened up the scope for collaborations between the public and private sectors, and Powerelec Nigeria 2025 will give a momentum to this impetus,” Joshua added.
According to International Renewable Energy Agency (IRENA), nearly 60 percent of Nigeria’s energy demand can be met from renewable energy sources by 2050, which will go a long way in addressing energy challenges in the context of growing population and socio-economic pressures, as well as in contributing to climate mitigation. IRENA also pointed to the abundant untapped renewables in Nigeria that should be harnessed for the transition.
“The shift towards energy transition through PPP models also got a fillip with the World Bank advancing a US$750 million credit to Nigeria to support the country’s Nigeria Distributed Access through Renewable Energy Scale-up (DARES) project. Apart from this, Nigeria’s Renewable Energy Master Plan (REMP) and plan to install utility-enabled distributed energy has opened up the scope for collaborations between the public and private sectors, and Powerelec Nigeria 2025 will give a momentum to this impetus,” Joshua added.
In the statement, Verifair’s managing director, quoted Ezzat Sankari, Channels Business Director for Sungrow Middle East and Africa, as saying: “At Sungrow, we are committed to providing innovative renewable energy solutions that address the pressing energy challenges faced by millions. Collaborating with key stakeholders at this event allows us to showcase how advanced technologies, like our utility PV and battery energy storage systems (BESS), can contribute to building a resilient and sustainable energy future for Nigeria and the wider West African region.”
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