Nigeria Electrification Programme > News Updates > REA Signs 5th OBF Grant Agreement With Six (6) SHS Companies

REA Signs 5th OBF Grant Agreement With Six (6) SHS Companies

On Wednesday, 19th May 2021, 6 Companies Messr: Solar Sisters Inc. & Affiliate, Fenchurch Offgrid Energy Systems Limited (SOLARPAWA), Morton78 Limited, Creeds Renewable Energy Ltd, Beebeejump International limited and Azuri Nigeria signed the Output-Based Fund (OBF) agreement under the Standalone Solar Homes System component of Nigeria Electrification Project (NEP) with the MD/CEO, Rural Electrification Agency, Ahmad Salihijo Ahmad.

The objective of the Standalone Solar Home Systems component of the Nigeria Electrification Project is to provide access to millions of Nigerian households and Micro Small Medium Enterprises (MSMEs) with affordable energy services through private sector companies. This in turn will significantly scale up the market for SHS in Nigeria.

With the signing of these grant agreements, about 75,953 SHS Units will be added to the existing 200,000 SHS connections since the project was launched in 2019.  The 6 companies are expected to deploy the following number of SHS units:

  1. Solar Sisters Inc. & Affiliate 4, 663 SHS,
  2. Fenchurch Offgrid Energy Systems Limited (SOLARPAWA)  5, 000 SHS,
  3. Morton78 Limited 8, 550 SHS,
  4. Creeds Renewable Energy Ltd  3, 600 SHS,
  5. Beebeejump intl Ltd 52, 500 SHS and
  6. Azuri Nigeria 1, 640 SHS

The scope is for over the next two (2) years thereby increasing the number of households and MSMEs to have access to clean, safe, reliable and affordable electricity before the end of the project.

This event is a testament to the Federal Government of Nigeria’s determination to secure a better future in the Power sector by focusing on providing off-grid solutions to increase electricity access across the Country.

REA encourages more Private Sector Companies to leverage on this opportunity to achieve the goal of electrifying one house, one business, one community at a time. They can also participate in the Solar Power Naija (5M Connection) programme by visiting our website www.nep.rea.gov.ng.

Click to view photonews of the event>>>

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