Economy

Power Ministry, Firm Sign 1.52MW Solar Plant Deal

  • Power Ministry, Firm Sign 1.52MW Solar Plant Deal

EM-ONE Energy Solutions has signed a contract with the Federal Ministry of Power, Works and Housing to design and install a 1.52 megawatts solar plant with a battery storage capacity of 2.26 megawatt-hours.

The solar power plant will be mounted on carport and rooftop canopies and will generate 2.45 gigawatt-hours of energy annually, reducing the ministry’s energy dependence on non-renewable power source by 71 per cent and reducing carbon dioxide generation by 2,600 tonnes, according to a statement on Monday.

It said EM-ONE would also complete an electrical retrofit on four office buildings within the ministry’s headquarters for energy efficiency upgrades, adding that the retrofit would replace old electrical appliances and connections with energy efficient ones, reducing the complex’s consumption by 40 per cent.

The advanced microgrid and energy storage system for the project is provided by a United States firm, Tesla, while the energy efficiency components are provided by Schneider Electric, according to the statement.

The Minister of Power, Works and Housing, Babatunde Fashola, was quoted as saying that the project would make the ministry the first of Federal Government’s office complexes to use renewable energy as its primary power source.

“Once completed, the system will save millions of naira every year on a cleaner and more reliable power supply. This forms part of the Federal Government’s commitment to renewable energy and mini grid policy,” he added.

The Chief Executive Officer, EM-ONE, Mir Islam, said, “This is an exciting project for EM-ONE; we have a vision of making Nigeria an energy-surplus country by developing self-sustaining energy producers that not only generate electricity for their own consumption but also export additional energy to the national grid.

“We are looking forward to working with the ministry and our valued technology partners on this pioneering project.”

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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