FG to introduce solar power tarriff in public institutions
The federal government has disclosed a new initiative for public institutions benefiting from solar electricity to pay tariffs to enable maintenance of the infrastructure and prevent deterioration. The plan was disclosed during the launch of the Renewable Assets Management Company (RAMCO) by the Rural Electrification Agency (REA) on Wednesday. The agency said the introduction of […]
The Nigerian federal government has announced a new initiative to introduce solar power tariffs in public institutions, as part of efforts to manage and maintain renewable energy assets. This move comes from the launch of the Renewable Assets Management Company (RAMCO) by the Rural Electrification Agency (REA), aimed at eliminating the dependency on government funds for maintenance and repairs of solar projects.
The Managing Director of REA, Aliyu Abba Abubakar, highlighted that RAMCO would serve as an emergency fund for institutions facing equipment faults, ensuring sustainability and long-term operation of solar installations without the need for repeated financial assistance from the government.
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