UNIDO sets $2.6bn aside for investment in small hydro power plants across Nigeria

A budget of $2.6bn has been set aside by the United Nations Industrial Development Organization (UNIDO) for the development of Small Hydro Power Plants in Nigeria so as to beef up the electricity generation needs of Nigerians, Spark Online reports.
The Small Hydro Power Generation for which over 300 sites have been identified across Nigeria with only about 20 sites ready for development, is said to be capable of producing up to 3500 megawatts of electricity for Nigeria, if adequately explored and funded.
Key targets include the upgrade of capacity for local fabrication of small solar power turbines and control systems, establishment of private-public partnerships and facilitating conducive investment environment for sustainable small hydro power generation in Nigeria.
Share

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...