Financial Energy Review
The Rural Electrification Agency (REA) has expressed optimism that the concept of the Energizing Education Programme (EEP 11), which is aimed at providing reliable, clean, stable and sustainable electrical energy solutions to higher education institutions would be fully implemented.
The initiative is to enhance the processes of teaching and learning in at least, no fewer than 37 Federal Universities and seven University Teaching Hospitals, which became necessary in view of the heavy financial burden which Federal Government owned universities, experience, in running their respective energy costs in the routine purchase of fossil fuel to power their academic communities.
This optimism is coming with the official commissioning ceremony of a 3-Megawatts capacity Solar Hybrid Power Plant, programmed and directly supervised by the REA and specifically designed to fully energize the entire University of Abuja community.
This coming presidential commissioning, according to Abubakar Abba Aliyu, the Managing Director & Chief Executive Officer of the REA, shows the determination of the present administration to address the animated social and economic problem of over dependence of the use of fossil fuel and providing reliable, clean, cheaper and sustainable renewable energy solutions within the educational and health sectors of the Nigerian economy.
Aliyu, says the commissioning would further give a ray of hope about the Federal Government ‘s determination to ensure that the hitherto agonizing experience of huge financial burden, incurred by Federal Universities, would now be a thing of the past.
He said the present administration, is prioritizing all issues, values and norms that define alternative energy solutions, which the breton wood institutions, like the World Bank , International Monetary Fund , International Financial institutions and even, the African Development Bank {AfDB}, would rather describe or label as renewable energy solution
