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FG Moves to Optimise Assets in Renewable Sector, Floats New Company

• Tegbe, Alausa, Oyedele, Salako pledge support, initiative to boost education, health •REA: 82MW solar hybrid assets deployed in varsities, about N263bn spent •MOFI says new model will help unlock

The Federal Government of Nigeria has launched the Renewable Asset Management Company (RAMCO) to professionally manage, optimise, and sustain renewable energy assets deployed with public funds across the country. The initiative aims to introduce a new model of sustainability and measurable performance into the management of renewable energy infrastructure, bridging the gap between infrastructure deployment, sustainability, public investment, and private capital.

The Minister of Power, Joseph Tegbe, stated that RAMCO will create a bridge between infrastructure deployment and sustainability, public investment and private capital, as well as infrastructure and investable assets.

Brief written by urgent.news from This Day's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

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