Nigeria, others get W’Bank N254bn solar power support

<p>The World Bank, Clean Technology Fund and the Dutch Cooperation are to finance the $338.7m (N254bn at the official exchange rate of N750.6/$) solar power projects in Nigeria and other countries in West Africa.</p>, <p>Parties in the deal are providing the fund to support the implementation of the Regional Off-Grid Electricity Access Project for countries under the Economic Community of West Africa States.</p>, <p>A statement from ECOWAS made available to The PUNCH in Abuja on Monday, said it had engaged a consortium of firms to provide technical and financial assistance to companies in the off-grid solar PV sector, and financial institutions in the 19 project countries as part of measures to implement the ROGEAP project.</p>, <p>It said, “As part of the implementation of the Regional Off-Grid Electricity Access Project, the TSC Global/Intech-GOPA/AFC/BB and Co group officially signed a contract on August 1, 2023 in Abuja as project fund manager of the ROGEAP project.</p>, <p>“The service contract signing ceremony took place in the presence of the Chief Executivge Officer/ President of TSC Global, Mr Amara Sackor, representing the group; and Commissioner Sédiko Douka, in charge of Infrastructure, Energy and Digitalisation of ECOWAS, who is also the chairman of the Steering Committee of the ROGEAP project.</p>, <p>“Following a procurement process in accordance with the donor’s procedures, the TSC Global/Intech-GOPA/AFC/BB consortium was retained by the ECOWAS commission as ROGEAP fund manager to provide technical and financial support.”</p>, <p>It said the support was not only to the private sector, but also to commercial banks and microfinance institutions in the countries covered by the project, in support of the Project Management Unit based in Abuja and in Lomé.</p>, <p>On the monetary value of the project and its sponsors, ECOWAS said, “Worth $338.7m the project is financed by the World Bank, the Clean Technology Fund and the Dutch Cooperation.”</p>, <p>It explained that the ROGEAP project fund manager was