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Nigeria, Sri Lanka To Sign MoU On Renewable Energy

Hydro Energy

A few months after the Nigerian government privatisated the nation’s generation and distribution companies, it has shifted attention to developing and eventually concessioning its over 200 dams spread across the length and breath of the country. This is a fall out of the Memorandum of Understanding¬† (MoU) which Nigeria is expected to sign with the Socialist Peoples Republic of Sri Lanka in the area of renewable energy, especially in off-grid renewable sector.

The MoU, if operational is expected to help Nigeria develop the small and medium dams in the country to produce renewable energy that can help boost power generation in the country. Speaking to FrontiersNews, shortly after a meeting with top officials of the Sri Lanka ministry of power, at the Taj Samudra Hotel, Colombo, Sri Lanka, on Saturday, permeant secretary ministry of power Mr. Godknows Igali said the cooperation would help strengthen “the promotion of technical and investment cooperation in the power sector development and on the implementation of renewable energy projects in Nigeria”.

The objective of the MoU Mr. Igali said¬† is “to promote technical and investment cooperation in power sector development including renewable energy development in Nigeria on research, planning, implementation, of projects in the fields of generation, transmission, distribution and management including development of hydro power, solar power, and wind power plant”. He noted that Nigerian took interest in Sri Lanka’s renewable energy sector because the country has experience in off grid technology adding that the MoU would be signed in Abuja by both countries, in Abuja, before the end of 2013.

“They preferred that the MoU should be signed in Nigeria before the end of 2013. They are going to lead energy delegation to Nigeria where the document would be signed,” he said. The Nigerian ambassador to Sri Lanka, Mr. Rotimi Femi told FrontiersNews, in an interview that the MoU would enhance power availability in the rural areas of the country. He noted that the over 200 dams would be utilised noting that technologically, “there are no irrigation dams that can’t be used to generate power”.

Mr. Femi added that the dam concessioning would be in line with the Federal Government privatisation and infrastructure concessioning programme. Areas of cooperation include electric power development (particularly renewable energy projects such as solar, wind, hydro etc); energy efficiency; joint investment on power sector development; consultancy services on power sector development; contacts including supply of manpower from each others country power sector development; cooperation in the above areas between related institutions of both parties and joint projects in third countries and other matters decided by the parties incidental to this MoU.

Source: Frontier News

http://www.frontiersnews.com/index.php/business/37-business/6496-nigeria-sri-lanka-to-sign-mou-on-renewable-energy-plan-concessioning-of-200-dams