Lagos, Dec. 19, 2022 – Nigeria and a US firm have signed agreements on clean and reliable electricity on the sidelines of the ongoing US-Africa Leadership Summit.
A statement by Garba Shehu, the Presidential Spokesman, said the agreement was signed at the US-Africa Business Forum (USABF) in Washington, D.C.
The project is expected to be constructed in different phases across the six geopolitical zones and will provide clean, reliable and affordable electricity to more than 30 million Nigerians.
The Federal Government signed the agreement with the U.S firm, Sun Africa LLC, the largest US renewable energy company operating in Africa.
The statement said that the agreement would be for the development of Engineering, Procurement and Construction (EPC) implementation framework for the construction of 5,000 MW of solar generation and 2,500 MWh of battery energy storage power plants for up to $10 billion investment from the US government. (GBN)
