The Federal Government has said it is targeting improved electricity supply through increased deployment and sustainable management of renewable energy assets across the country.
The Minister of Power, Mr Joseph Tegbe, stated this on Wednesday at the launch of the Renewable Asset Management Company and stakeholders’ media engagement session.
Tegbe said renewable energy was becoming an important component of the country’s electricity strategy, noting that the government was working towards a diversified power system.
“Renewable energy is not peripheral to Nigeria’s power architecture. It is an increasingly important pillar of our power technology deployment strategy,” he said.
He said the government’s objective was to combine grid supply, embedded generation, interconnected and isolated mini-grids, distributed renewables and storage with other technologies suited to specific communities and economic clusters.
According to him, “Renewable assets can be deployed closer to demand, improve access, strengthen public institutions and build resilience into the wider power system.”
The minister said the launch of the Renewable Asset Management Company, RAMCO, was part of broader reforms aimed at ensuring sustainable management of power infrastructure and improving electricity availability.
“RAMCO, therefore, forms an important part of the broader reforms across the power sector, designed to strengthen the efficient and sustainable management of power assets and, ultimately, to ensure that electricity is available where it is needed, when it is needed, and at a price that is both appropriate and sustainable”, Tegbe said.
