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Enugu State Secures $200M for Solar Power Project

Enugu State Secures $200M for Solar Power Project

Enugu State has secured a $200 million investment to develop a 100-megawatt (MW) solar power project aimed at improving electricity supply to homes and businesses across the state. This investment was announced during a meeting between Governor Peter Mbah and a delegation from Eauxwell Nigeria Ltd., led by Managing Director Edwin Enwegbara, at the Government House in Enugu.

The project, estimated at about N300 billion, will integrate distributed solar generation with battery storage to provide reliable electricity to households, agricultural processors, and small businesses. Governor Mbah emphasized the need for a reliable electricity market and called for a shorter implementation timeline while pledging government support to eliminate bureaucratic delays.

Enwegbara stated that the final electricity tariff would be determined in consultation with regulators, balancing cost recovery for investors with affordability for consumers. This initiative follows a similar $150 million solar project in Niger State, highlighting a growing trend among Nigerian states to seek alternative power sources amid ongoing electricity supply challenges.

Plus234Feed summary based on reporting from Nairametrics. Read the original report below.

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