• About
  • Advertise
  • Careers
  • Contact Us
Sunday, July 6, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Business Environment

Nigeria Sovereign Fund to Pilot Development of 20 Megawatts Solar Plant

Reporter: Tobi Adetunji

by Techeconomy
March 20, 2024
in Environment
0
solar plant
solar plant

solar plant

UBA
Advertisements

March 19, 2024 was significant in Nigeria’s energy sector especially in her efforts towards addressing challenges surrounding power supply, as it planned to use the sovereign fund, in building a 20 megawatts solar power plant.

According to Kashim Shettima, Nigeria’s vice president, the 20 megawatts power plant, would be built in partnership with a local firm, the first phase of a 300 megawatts project.

However, Shettima did not disclose the cost of the project or when construction will start.

It is interesting to note that, Nigeria, with a population of over 200 million people, has installed a power generation capacity of 12,500 megawatts (MW), but produces a fraction of that, leaving millions of households and businesses reliant on petrol and diesel generators.

The vice president said on Tuesday in Abuja at the signing of the joint venture between the Nigerian Sovereign Investment Authority (NSIA) and North-South Power (NSP) Company Ltd for the establishment of the Shiroro Generating Company, the country’s pioneer on-grid solar-hydro hybrid project.

In his words: “As a nation, our resolve is to take proactive steps to diversify our energy sources, reduce our carbon footprints, and ensure a more sustainable future for generations to come,”

He stressed that “The project will catalyze the realization of other hydro-solar projects and serve as a test case for deployment of solar energy onto the national grid.”

The Shiroro Generating Company is a hybrid project located in Shiroro, in Nigeria’s northwest of Niger state.

The 20-megawatt solar plant pilot project is embedded within a 300-megawatt solar program, to be co-located within NSP’s existing 600-megawatt Shiroro Hydroelectric Power Plant concession area in Shiroro, Niger State.

Loading

Advertisements
MTN ADS

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares
Tags: solar plant
Techeconomy

Techeconomy

Next Post
Nigeria in revenue crisis - new Naira notes, Fitch Ratings

Naira Closes at N1,560.57/$1 at Official Market on Tuesday

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

PAFON 1.0: Experts at Payments Forum Nigeria Discuss Trust, Security, and Privacy in the AI Era

PAFON 1.0: Experts at Payments Forum Nigeria Discuss Trust, Security, and Privacy in the AI Era

1 year ago
SUBSIDY REMOVAL and Stanbic PMI

Stanbic: Nigeria’s PMI Shows Output Growth Hits 15-month High in April

2 months ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    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
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.