News

FMP, EU, and German Govt Presents Premium Grids Concept to Boost Electricity

The Federal Ministry of Power (FMP) with the financial support of the European Union (EU) and the German Federal Ministry for Economic Cooperation and Development (BMZ) within the framework of the Nigerian Energy Support Programme (NESP) hosted the first-ever Premium Grids Conference on January 24th in Abuja.

Advertisement

The Premium Grid model, developed by NESP combines franchising projects and embedded generation in ring-fenced areas for supplying reliable 24/7 electricity to customers. This concept has several benefits not only for end-users but for Nigerian Electricity Distribution Companies (DisCos). Power Generation Companies (GENCOs), Private Developers and Nigeria at large.

Speaking at the conference, the Honourable Minister of State for Power, Mr. Goddy Jedy Agba said:
The Ministry continues to appreciate the EU and German Government for their continuous support to the Ministry toward its mandate of ensuring energy security in the most affordable and sustainable manner”.

The Minister also underlined the importance of the Premium Grid concept as a welcome idea to “provide reliable electricity access in urban residential and industrial clusters in Nigeria. Adding that, it will attract more investments into the Renewable Energy Sector and support towards achieving the Energy Transition Plan for the country.

Also speaking at the conference, Cecile TASSIN-PELZER, Head of Cooperation at the European Union Delegation to Nigeria and ECOWAS, said the fight for achieving a cleaner future is for everyone.

“The EU: continues to support the Nigerian government to not only achieve its energy security plans but to achieve a sustainable energy future through the increase of renewables in its electricity mix. We are happy to have supported the development of Premium Grids as an innovative model bringing a new landscape to the concept of electricity franchising, attracting renewable energy investments and ensuring reliable power supply to its beneficiaries”, she said.

In a goodwill message, Mr. Martin HUTH, Deputy Ambassador of the German Embassy to Nigeria, reaffirmed the support of the German Government to the Nigerian Government in achieving its energy goals: “The promotion of renewable energy technologies and Investments such as the Premium Grid model will support the diversification of Nigeria’s energy mix.

READ MORE:  NCDC records no death amid reports that activist who died of COVID-19

This will support the Nigerian government in achieving universal energy access, in improving energy security, and in achieving the targets outlined in the Nigerian energy transition, which are key focus areas that the German Government will continue to provide support to the Federal Government of Nigeria on.” He said.

So far, NESP has supported three DisCos, namely the Abuja Electricity Distribution Company, Kaduna Electricity Distribution Company, and Kano Electricity Distribution Company, in piloting the development phase of Premium Grid projects.

The Head of Programme NESP, Mr. Duke BENJAMIN, noted that “active participation of and collaboration with the DisCos and other key stakeholders is critical to improve availability and reliability of electricity in Nigeria.

“This conference offered participants-power distribution and generation companies, private investment firms, ministries, regulatory agencies, financial institutions, and related stakeholders – a unique opportunity to learn from the ongoing development of Premium Grids, bridging the gap between public and private stakeholders, and ultimately enable participants address major challenges in its design and implementation”, he added.

.

Dear Reader,
Every day, we strive to bring the most accurate, up-to-date, and complete information to our readers like you. It requires money to produce good journalism. We're asking for your help today to help us do more. Your contribution ensures that Metro Times can continue to provide good journalism to people all over the world.  Donate or sign up for as little as N1,000 to become a member. Learn more about our membership here

Bank transfers can be made to:
Union Bank Plc
0139921998
Micnaij Media Ltd


Inquiries:
Email: info@metrotimesonline.com
Whatsapp: +234 701 162 0455