BANK OF INDUSTRY POWERS KADUNA STATE WITH SOLAR POWER

Solar Panel

The residents of Makarfi Local Government of Kaduna State would be grateful to The Bank of Industry (BoI) as they commissioned a solar powered electricity in the Local Government, lighting up over 200 homes that were not connected to the national grid.

The electrification project covers a 6km distribution network, and is also capable of providing commercial and domestic ventures with electricity.

At the commissioning of the project at Charwa and Chakun communities, acting Managing Director of the Bank, Waheed Olagunju, said the Rural Electrification Project was financed in conjunction with the United Nations Development Programme.

Waheed stated that the Rural Electrification Project was conceived by the bank not only to improve living standards of the rural dwellers, but also to boost economic activities in such areas.

Prior to the installation of the solar power system, the over 200 households in the two villages like other remote communities across Nigeria, only ran individual electricity generators, spending huge amounts in buying petrol.

With the commissioning of the project, each home will have sufficient solar electricity to power at least three light bulbs and other gadgets. The consumers are expected to pay for only the energy they use.

Explaining the metering model, Waheed said payment would be on a pay-as-you-go basis, with each household provided with a pre-paid meter.

The MD Arnergy Solar Limited, Femi Adeyemo, who is the project consultant, gave a background of the project and its benefit while Governor Nasir El-Rufai, said that the state government would spend about 1.5 billion Naira to complete the 30 Megawatts Gurara Power Plant, to provide reliable electricity to industrial and domestic use.

The Bank of Industry said with the achievement made, it was ready to partner with all state governments on solar electrification projects in off-grid areas.

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