Renewable Energy
Nigeria and India are making strikes to discover alternatives in renewable energy improvement as a part of the worldwide agreements signed by each international locations.
Indian High Commissioner, Nagabhushana Reddy, at a Business assembly in Abuja, stated the house authorities was dedicated to deriving a minimum of 30 per cent of its energy wants from renewable energy by 2030.
Reddy famous that exploring areas of cooperation in renewable energy would construct on current partnerships between each international locations, particularly as Nigeria, was member of the International Solar Alliance (ISA).
As said by him, ISA intends to present devoted platform for cooperation amongst photo voltaic useful resource wealthy international locations and mobilise $1 trillion funds for future photo voltaic era, storage and know-how the world over.
He stated: “We are opening a new chapter of India-Nigeria economic engagement by moving into the power sector relating to renewable energy. India had been present in Nigeria in the power sector mostly in the areas of distribution and transmission.”
Reddy additionally stated that each international locations would signal a Memorandum of Understanding (MOU) within the renewable sector to create a joint working group to develop initiatives for enhanced and efficient collaboration.
Earlier, President of Abuja Chamber of Commerce and Industry, Kayode Adetokunbo, known as on the Federal Government to harmonise insurance policies on renewable energy to create single physique for the implementation of related insurance policies.
Adetokunbo stated: “There is no clarity in policies and we need all the advantages solar power and renewable energy can offer and put it in one agency that has multi-sectoral approach so that other relevant agencies can work together as a team.”
He also stated that selling synergy amongst stakeholders would create jobs and quick observe financial improvement in step with the federal government’s financial development plan.
A consultant of Nigerian chapter of Associated Chambers of Commerce and Industry of India, Rajneesh Gupta, stated that there are ongoing enlightenment campaigns on selling renewable energy in Nigeria.
He stated: “Simba Solar has been educating Nigerians on renewable energy technologies, and how it can deliver value. We are also training electricians and budding entrepreneurs that can key into these technologies to the end users.”
“Electricity generation is fluctuating this year, peaking 5,090megawatts as government continued to show determination to produce an energy mix with 30 per cent component of renewable energy out of the gross energy produced by 2030.”