Nasarawa, REA sign pact on renewable energy investment

The governor of Nasarawa State, Abdullahi Sule has revealed that the state is accelerating investments in renewable energy, adding that the state is set to commission another Lithium processing plant in July. The governor made the disclosure in Abuja yesterday during a round table with the Rural Electrification Agency (REA) and MOU signing with the […]

The governor of Nasarawa State, Abdullahi Sule has revealed that the state is accelerating investments in renewable energy, adding that the state is set to commission another Lithium processing plant in July.

The governor made the disclosure in Abuja yesterday during a round table with the Rural Electrification Agency (REA) and MOU signing with the theme: “Crystalysing Renewable Energy Growth through Research, Development and Innovation in Nasarawa State Electricity Market.”

According to governor Sule, “The biggest Lithium Factory in Nigeria is in Nasarawa and it’s just 3 million metric tons per annum. However, by July this year we will commission another Lithium processing plant that is about 5 million metric tons

“We have also been approached by an investor willing to build another 15m metric tons of Lithium processing factory in Nasarawa and all these companies are generating their own power. This is why Nasarawa is signing a Memorandum of Understanding with REA for solar mining grids development and to also accelerate growth and development,” he said.

On what the state is doing to sustain its investments, he stated that “Most of investments in Nasarawa State are backed by Law and five per cent of IGR has been set aside into derisking investments,” he added.

Earlier in his remarks, the Managing Director/CEO of the Nasarawa State Investment and Development Agency (NASIDA), Ibrahim A. Abdullahi stated that the forum is necessary to drive investments in solid minerals, agriculture, infrastructure and renewable energy.

Also in his presentation, the Managing Director/CEO of the Rural Electrification Agency (REA) noted that Nasarawa State is now Nigeria’s haven of mini grids with 25 mini grids about to be completed.

He added that REA has “Identified different communities in Nasarawa State and the country at large and discovered that about 6.8m people can be served by mini grid or connected grid which can attract $800m in investments.”