REA Proclaims Completion Of N28.7bn Tasks From 2023 Price range

REA Proclaims Completion Of N28.7bn Tasks From 2023 Price range

The Rural Electrification Company (REA) yesterday stated it has accomplished N28.7 billion initiatives out of its N31.7 billion allocation in 2023. Its Performing Managing Director, Engr. Abba Aliyu stated this throughout the presentation of REA 2023 Capital Undertaking Implementation Report in Abuja.

He stated: “In complete, out of the 2023 capital implementation we’ve got accomplished a venture of over N28.7 billion.

“Out of the N31.7 billion allotted to REA we nonetheless have about N3.3 billion initiatives which are ongoing, which we hope to finish within the subsequent two months.”

He stated the company deployed N626million for the event of mini-grids that may drive electrical automobiles deployment within the nation.

Aliyu stated: “REA company has additionally utilised N626 million for the deployment of various mini-grids throughout the nation. These mini-grids particularly deal with enhancing electrical car deployment.”

He additionally stated N446 million was utilised in deploying mini-grids that might electrify electrical automobiles throughout the six completely different geopolitical zones within the nation which is a programmatic occasion that has been examined by REA and will likely be scaled up.

Aliyu additional stated REA has spent N6.3 billion on grid extension and deployment of transformers on the distribution degree to attach communities throughout the nation to the nationwide grid.

His phrases: “Moreover, we’ve got utilized N6.3 billion for grid extension and it will deal with extending the grid and deployment of transformers on the distribution degree to attach communities throughout the nation to the nationwide grid.”

In line with him, the company has additionally spent about N131 billion for the deployment of photo voltaic house programs throughout the nation.

Aliyu stated the intervention of REA in 2023 coated the complete nation. He stated there isn’t any single state throughout the nation that’s not coated with the company initiatives underneath the 2023 capital implementation. He stated the company has additionally centered on energising agricultural clusters throughout the nation.

The REA boss stated there may be additionally N499 million spent for the deployment of photo voltaic avenue lights throughout the nation. In line with him, these photo voltaic avenue lights had been deployed in areas particularly which are going through safety challenges.

The Managing Director stated the company additionally spent N2.02 billion for the deployment of photo voltaic pumping irrigation pumps throughout the nation.

Aliyu stated: “These pumps had been deployed and given to farmers over hundreds of them throughout the nation to reinforce farming actions throughout the nation.

He stated the distribution of the REA initiatives covers the complete six political junctures and on the identical time additionally covers the complete 36 states plus FCT states.