Sunday, August 23, 2026

African Development Bank approves USD1.5 million for Jigiwa on-grid IPP solar power procurement program

The Board of Directors of the African Development Bank has approved a USD 1.5-million grant from the Sustainable Energy Fund for Africa (SEFA) to support the Nigerian Government’s implementation of Phase 1 of the Jigawa 1-GW Independent Power Producer (IPP) Solar Procurement Program. This approval reaffirms the underpinning principles of the Bank’s New Deal on Energy for Africa and its commitment to developing renewable energy and increasing energy access on the continent.
At full 1 GW capacity, the program will assist the government to achieve its national goals of reaching 75 percent electricity access by 2020 and electrifying unserved and underserved areas, particularly in northern Nigeria where access rates are lowest and increasing the share of renewable energy in the energy mix to 30 percent by 2030.
The approved SEFA grant will support the completion of outstanding technical and feasibility studies and the design of a masterplan for the entire program site. Subject to the outcome of the technical and feasibility studies, the Bank will provide additional support to the government in the form of funding of a transaction advisor to design and launch the competitive IPP procurement. The government has committed to de-risking the program through the provision of land and common facilities including transmission facilities.
Commenting on the project, the Bank’s Vice-President for Power, Energy, Climate and Green Growth, Amadou Hott, stressed that the approval solidifies the Bank’s commitment to Nigeria in resolving the chronic power shortage and ensuring increased access to sustainable and cost-efficient power. He added: “It is important for us to deliver a seamless implementation and provide necessary support to the government to conduct an effective IPP procurement process.” An intergovernmental team led by Rural Electrification Agency of Nigeria will be the implementation agency for the grant.

Hot this week

Production up, but the ‘cost’ variable weighs heavily

Production is up in 2021 for the Italian agricultural...

Luminos Fund’s catch-up education programs in Ethiopia recognized

The Luminos Fund has been named a top 10...

Well-planned cities essential for a resilient future in Africa concludes the World Urban Forum

The World Urban Forum (WUF) concluded today with a...

Private sector deemed key to unlocking AfCFTA potential

The private sector’s role is vital to fully unlock...

The FX Auction Meant to Restore Order Turns Two

The foreign-exchange auction turns two this month. Its 25...

Ethiopia dominates Kenya’s informal export market, claims over 50% share

Ethiopia has solidified its position as the premier destination...

Breaking the debt and currency cycle

Ray Dalio’s ‘How Countries Go Broke: The Big Cycle’...

Ethiopia targets China trade gap with export drive 

Ethiopia is stepping up efforts to narrow its widening...

Does the law of attraction really attract wealth?

The promise is irresistible. Think positively, visualise financial success,...

Ebola Cases in Congo Exceed 5,000, Government Data Shows

The number of confirmed Ebola cases in the ​Democratic...

Deadly Attacks on Aid Workers and Contractors Surge in South Sudan as UN Urges Protection

At least 36 humanitarian workers and contractors have been...
spot_img

Related Articles

Popular Categories

spot_imgspot_img