$119m Japanese financing expected for mini-grids, says Aliyu
Bank: It’s an attempt to generate measurable economic and social impact
Emmanuel Addeh in Abuja
The Rural Electrification Agency (REA) and Alpha Morgan Bank at the weekend signed a N50 billion financing agreement to support renewable energy projects and accelerate electricity access in unserved and underserved communities across Nigeria.
The financing partnership is expected to provide a bridge for renewable energy developers implementing projects under REA programmes, enabling them to secure the funds required to execute projects before accessing catalytic grants tied to project performance.
