• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, August 8, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

REA Signs Grants With 9 Firms To Expand Energy Access

by Leadership News
3 months ago
in Business
REA
Share on WhatsAppShare on FacebookShare on XTelegram

The Rural Electrification Agency (REA) on Monday signed grant agreements with nine renewable energy companies to provide electricity access to 17.5 million Nigerians.

Advertisement

The companies are, Privida Power Limited, Baobab Plus, Salpha Energy, Asolar, NTA-StarTimes, A4&T Power Solutions, Sunking Greenlight Planet, Bboxx, and D.Light.

The News Agency of Nigeria (NAN) reports that this marks the first signing under the World Bank-funded Distributed Access through Renewable Energy Scale-Up (DARES) project, following its official launch in 2024.

“This initiative also contributes to the broader Mission 300, a global effort to deliver energy access to 300 million people in Sub-Saharan Africa by 2030, as Nigeria advances toward achieving universal electricity access,” REA said.

 

RELATED

Abuja Investments Company Limited Launches Automated System

Abuja To Host Over 500 Global Investors At 2025 Business Investment Expo

1 hour ago
Bear Resurfaces As Equities Investors Lose N639bn

Reforms Fuel Insurance Stock Rally

1 hour ago

Speaking at the signing ceremony in Abuja, the managing director of REA, Abba Aliyu, said the project aimed to electrify 17.5 million Nigerians by deploying 1,350 mini-grids.

He explained that the interconnected mini-grids being deployed were intended to enhance the reliability of electricity supply to Band D and E customers, while also expanding access to underserved communities.

Aliyu said the project’s implementation was divided into two components:

“Deployment of mini-grids (both isolated and interconnected), and deployment of solar home systems.

He stated that 198 sites had already been submitted under the project, projecting an estimated 340,000 new connections and the addition of 47 megawatts of clean, reliable electricity to the national grid.

“The 11 sites we are signing with Privida Power Limited alone will add over 2.5 megawatts of reliable energy, resulting in an additional 11,000 connections,” he said.

“Meanwhile, eight companies will deploy 1.6 million solar home systems across rural areas.”

According to him, this effort demonstrates REA’s commitment to scaling up access to electricity and tackling the challenges in Nigeria’s power sector.

He noted that the government, under President Bola Tinubu’s Renewed Hope Agenda, was aggressively addressing the nation’s electricity challenges.

“The issue of 18 million Nigerians without access to electricity will soon be a thing of the past, thanks to interventions like DARES and other REA projects,” Salihijo added.

“Today’s signing is not just a contract; it is a commitment to communities long underserved by conventional infrastructure.”

 

Also speaking, head of the Nigeria Electrification Programme (NEP), Olufemi Akinyelure, emphasised the broader impact of the initiative.

 

“Every connection made under DARES represents a doorway to education, healthcare, commerce, and inclusion,” he said.

 

“The over 11,027 new connections to be delivered under this project symbolise lives transformed, futures energised, and a Nigeria that leaves no one behind.”

 

He noted that partnerships like these served as a blueprint for achieving Nigeria’s national energy access goals.

 

Akinyelure explained that DARES, a key initiative under NEP, was structured to catalyse the off-grid energy market through targeted grant support for mini-grid and standalone solar projects.

 

“These renewable energy solutions are crucial for providing reliable and affordable electricity to off-grid communities, unlocking their potential for social and economic advancement,” he said.

 

Under the Performance-Based Grant sub-component for isolated mini-grids, Privida Power Limited secured a grant to deploy solar mini-grids across 11 communities in Kogi, providing over 11,027 new connections.

 

In addition, the eight other companies under the Standalone Solar Systems (SAS) component signed agreements to roll out Tier 1 and Tier 2 plug-and-play solar solutions for households and MSMEs to expand energy access across rural Nigeria.

Speaking on behalf of the companies, Group Chief Executive Officer (CEO) of Privida Power Limited, William Akalume, expressed commitment to the project.

“We are committed to the success of this project and appreciate the REA for the impactful work they are doing to improve the lives of Nigerians,” he said.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Rural Electrification Agency (REA)
SendShareTweetShare
Previous Post

UK Govt Urged To Collaborate On Probe Of British Army Major In Alleged Arms Trafficking

Next Post

UK Govt Urged To Collaborate On Probe Of British Army Major In Alleged Arms Trafficking

Leadership News

Leadership News

You May Like

Abuja Investments Company Limited Launches Automated System
Business

Abuja To Host Over 500 Global Investors At 2025 Business Investment Expo

2025/08/08
Bear Resurfaces As Equities Investors Lose N639bn
Business

Reforms Fuel Insurance Stock Rally

2025/08/08
Telecom Sector’s Survival Depends On Gov’t Support — Experts 
Business

16,000 Telecom Sites Risk Shutdown Over Diesel Shortage –Operators

2025/08/08
115 Internet Service Providers Connect 213,876 Nigerians In September
Business

1,000 Fibre Cuts Weekly Threaten Economic Stability, NCC Warns

2025/08/08
Implementation Of Tax Reform Act Could Cripple Domestic  Airlines –Operators
Business

Implementation Of Tax Reform Act Could Cripple Domestic Airlines –Operators

2025/08/08
Sterling Bank
Business

Sterling Bank Lists First ₦2billion Education Fund Beneficiaries

2025/08/08
Leadership Conference advertisement

LATEST

PICTORIAL: First Lady Donates 10 TB Diagnostic Machines, ₦1bn To FCTA

Blogger Bags Award Of Recognition At Eko Heritage Event 2025

Canada Open: Mboko Sets Up Osaka Final After Stunning Comeback

Joshua Eyes Ronaldo Signing With New Football Agency

Man Utd Agree £74m Deal For Sesko

Partey Joins Villarreal After Being Released On Bail

Barcelona Strip Ter Stegen Of Captaincy

Liverpool Cut Losses With Nunez Move To Saudi

NPFL Youth League: Ikorodu City’s Isah Ibrahim Leads Scorers Chart

CHAN 2024: We Will Be Ready For Super Eagles, Sudan Coach Declares

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.