BOI, UNDP Unveil Solar Micro-grid for 200 Homes in Edo State

No Comments » July 14th, 2016 posted by // Categories: Energy Development Project



 

BOI, UNDP Unveil Solar Micro-grid for 200 Homes in Edo State

May 6, 2016

No fewer than 200 off-grid houses in Obayantor 1 community, Edo State, have been provided with access to clean and affordable power supply courtesy of the Bank of Industry (BoI) and the United Nations Development Programme (UNDP) 24KW solar micro-grid scheme.

Speaking at the official commissioning of the solar electricity project, the Acting Managing Director, BoI, Waheed Olagunju, said the pilot project was aimed at giving rural communities the opportunity to take control of their energy generation and also pay for only the energy used.

According to him, the project gulped about N44 million at a concessionary interest rate of seven per cent for 15 years, towards the deployment of the 24KW micro-grid solar system. He also disclosed that plans are underway to replicate the project in other off-grid communities in Edo State, in collaboration with the state government as well as other parts of the country in collaboration with various state governments.

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