The European Union says it is considering a combination of grants and possibly loans that will help Nigeria to make viable progress in its power sector.The EU is looking at addressing challenges in three arms of the power sector namely: generation, transmission and distribution.
The Ambassador/Head of European Union Delegation to Nigeria and the Economic Community of West African States, Mr. Michel Arrion, stated this in Lagos during a courtesy visit to the Sahara Group, an energy and infrastructure conglomerate with operations across the globe.
Arrion said the EU remained committed to supporting Nigeria’s unfolding power reform through research grants, which would help the country to discover the “right technology, effective tariff regime, regulation and partnerships” required to attain sustainable power supply.
“We are considering a combination of grants and possibly loans that will help the nation make viable progress in power generation, transmission, distribution, technical efficiency, commercial efficiency, renewable energy as well as effective regulatory framework. We are open to partnerships with the Sahara Group and other organisations in this regard,” he said.
The EU said it would be partnering Sahara Group and other Nigerian companies as well as governments and other stakeholders to achieve sustainable power supply and enhanced nutrition for children, among other key issues it was keen to promote in the country.
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