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South Korea Finances $12.4 Million for Rural Solar Mini-Grid Project in Nigeria

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South Korea is going to finance $12.4 million for solar mini-grids installation in rural areas of Nigeria. The project led by Seoul-based quasi-government-public institute Korea Institute for Technological Advancement (KIAT) is scheduled to start in April this year.

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The stand-alone mini-grid project launch ceremony was held in Abuja, where the Ambassador of the Republic of Korea to Nigeria, Kim Young-Chae, made his announcement about the grant from South Korea for the construction of the project. The initiative is supported by the Korean Ministry of Energy, Korea Polytechnic University, S&D Powernics, and ILJIN Electronics.

According to Young-Chae, the long-term goal for this initiative is to serve high-demand rural communities with a reliable and sustainable electricity solution. The project involves the construction of mini-grids in non-electrified rural communities near Abuja and requires the installation of transmission and distribution lines, supply of electrical equipment, and training for the operation and maintenance of mini-grids.

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The solar project agreement between Nigeria and South Korea reinforces Nigeria’s plan to accelerate its electrification and benefit the unserved communities with the provision of electricity, ensuring improved security and night-time activity.

Ita Solomon Enang, Senior Special Assistant to the President on Niger Delta Affairs, commended South Korea for the initiative, saying it is the right step in the right direction and also advised that the project should be extended to other parts of the country to promote even development.

Adhering to its “30:30:30 Vision, Nigeria targets to install 30 GW energy capacity by 2030, out of which 30% to be generated from renewable sources. The West African country is turning to several international development partners which will allocate the funding for solar mini-grids installation in rural areas, in order to achieve full electricity coverage of its territory.

Nigeria is the most populous country in Africa with a population of 20.61 crores and nearly 74% of its rural population have no access to electricity, according to World Bank. The country’s off-grid renewable energy market has significant untapped potential, which requires support from foreign investors to provide electricity for underserved communities.

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