Revealed! Electricity distribution company to build solar energy project

• J-Marine Logistics Limited and KEDCO person signed an MoU to physique a 100 MW star vigor task with a artillery vigor retention strategy to boost powerfulness reliability
• The concern aims to supply cleaner energy, heighten concern productivity, and absorption connected sectors with guaranteed returns connected investment
• J-Marine Logistics volition besides nutrient electrical meters locally and plans to manufacture up to 500 MW of star panels annually to further enactment the region’s powerfulness infrastructure

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

J-Marine Logistics Limited and Kaduna Electric Distribution Company (KEDCO) person inked a memorandum of knowing (MoU) for the operation of a 100-megawatt (MW) solar vigor project that incorporates a artillery vigor retention strategy (BESS).

Kaduna and the surrounding areas are expected to get proviso 100 MW of star panels. Photo Credit: Contributor
Source: Getty Images

The program is simply a important determination toward tackling powerfulness proviso concerns and laying the groundwork for equitable economical maturation and development, according to KEDCO president Aminu Suleiman, who spoke astatine the signing of the Memorandum of Understanding connected Friday successful Kaduna.

According to him, the concern seeks to summation concern productivity, supply cleaner energy, and fortify the dependability of powerfulness supplies.

Suleiman stated that the programme is aimed astatine concern clients, emphasising that the absorption volition stay connected sectors wherever a instrumentality connected concern is assured.

He hailed the MoU signing arsenic a captious milestone successful providing sustainable and reliable vigor wrong KEDCO’s franchise areas of Sokoto, Kebbi, Zamfara, and Kaduna.

“This inaugural is simply a bold measurement successful addressing the powerfulness proviso challenges successful our portion and lays the instauration for inclusive economical maturation and development,” Suleiman said.“The inaugural targets our concern customers; however, it is not that we are excluding residential consumers, but our superior absorption volition beryllium wherever we person a guaranteed instrumentality connected investment.“Thank you to our partners, J-Marine Logistics, for sharing successful our committedness to powering communities and transforming lives. Your collaboration brings cleaner energy, enhances grid stability, and promotes greater concern productivity.”

The KEDCO president stated that the enactment of stakeholders has ever been the cornerstone of the company’s development.

“We are excited to embark connected this travel with you arsenic we illustration a people toward a brighter, much resilient future,” helium said.“Today marks the opening of our resoluteness to bring sustainable vigor to each home, industry, and instauration wrong our reach.”

J-Marine Logistics president Mohammed Shafiq said successful his code that the institution volition proviso 100 MW of star panels to Kaduna and the surrounding areas.

“Our program is to supply 100 megawatts of star panels successful Kaduna and neighboring states,” Shafiq said.“Once that is done, we volition sermon electrical meters, which we are already assembling successful Nigeria. Simultaneously, we are moving connected producing star panels here successful Kaduna with a capableness of up to 500 megawatts per year. That is our plan.”

According to him, the institution can manufacture arsenic galore meters arsenic required, giving KEDCO greater power implicit gross collection.

“We tin proviso arsenic galore meters arsenic they request — whether 100,000 oregon 500,000 meters per year. We volition beryllium capable to produce,” Shafiq said.

Photo Credit: Contributor
Source: Getty Images

He added that his institution is prepared to present powerfulness plants to Kaduna and neighbouring states.

The Nigerian Maritime Administration and Safety Agency (NIMASA) purchased a concession to tally and support a floating dock, which is held by J-Marine Logistics Limited, a Nigerian company.

The institution focuses connected shipping, power, mining, equipment, and trading solutions.

FG plans to restructure underperforming DisCos

Legit.ng reported that Minister of Power, Chief Adebayo Adelabu, has disclosed that the national authorities volition beryllium carrying retired a strategic restructuring of the powerfulness assemblage to amended performance.

Adelabu stated this during a two-day retreat organised by the Senate Committee connected Power implicit the weekend.

He stated that the authorities request to bash the restructuring, arsenic a mode to trigger the much-needed superior injection into the powerfulness sector.

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Source: Legit.ng