By Chris Ochayi
ABUJA— Determined to address electricity challenge confronting the nation, the Federal Government has completed arrangements to roll out 10,000 minigrids to support electrification of underserved communities in the country.
Managing Director of Nigerian Rural Electrification Agency, REA, Damilola Ogunbiyi, disclosed this during the kick-off a three-day minigrid charrette in collaboration with Rocky Mountain Institute, RMI and the Rural Electrification Agency, REA, in Lagos State.
Ogunbiyi remarked that “With the current regulatory landscape, Nigeria is the best market to do minigrids.”
The conference is bringing together leading global stakeholders and investors to create a roadmap that’s both actionable and scalable.
The goal of the 20 by 20 Design Charrette is to cut costs of minigrid delivered electricity by over 60 percent by addressing items such as system costs, demand stimulation, and enabling policy.
This multibillion-dollar revenue opportunity will create sustainable energy for hundreds of millions of people and combine the power of global supply chains with local market entrepreneurs and communities.
“I’m positive we have the right people in this room and they will deliver a financially viable solution that will truly be a game changer for the market and more importantly, for the people and communities who will gain access to power for the first time,” said Jules Kortenhorst, Chief Executive Officer, Rocky Mountain Institute.
High-potential markets and specific minigrid sites in Nigeria will be used to pilot the recommendations from the charrette. The Design Charrette will be concluded March 9, and the findings will be released to the public in coming weeks.