The Rural Electrification Agency (REA) has disclosed that before the year runs out, a multimillion naira Rural Electrification Fund (REF) set up to support investments in rural electrification across Nigeria would be activated, OGN reports.
Speaking at the August edition of the monthly power dialogue of the Nextier Advisory, an Executive Director at REA, Dr. Sanusi Ohiare, stated that the agency would activate the REF and subsequently request operators to submit proposals for potential project funding.
“We now have the mini grid regulations which was recently launched. NERC has organised a workshop to enlighten operators of the regulation which allows for a different set of price different from what we have on-grid,” he said.
“For REF, before the end of the year, we will be doing a call for proposal. So, people that are interested and have these sorts of projects can start working out their proposals because we are trying to partner with the private sector to bring some sorts of grants to support you while you bring some equity,” he added.