EU to Invest in Enugu State Electricity Market

The European Union (EU) is set to invest in Enugu State’s electricity market, focusing on enhancing energy efficiency and driving sustainable development. This move is part of the EU’s broader efforts to support Nigeria’s economic growth and development.

According to Inga Stefanowicz, Head of Section, Green and Digital Economy at the EU Delegation to Nigeria and ECOWAS, the EU is exploring opportunities beyond energy investment, including security, Climate-Smart Agriculture, and Circular Economy initiatives.

Governor Peter Mbah welcomed the EU’s investment interests, noting that the proposed strategic areas of focus align with the State government’s development priorities.

This investment comes on the heels of the Enugu State Government and the EU launching the ₦3.33-billion Solar for Health Project, aimed at providing 24-hour solar-powered electricity to 25 Primary Healthcare Centres in Enugu State.

It’s worth noting that Enugu State has been making strides in regulating its electricity market, with the Enugu Electricity Regulatory Commission (EERC) assuming full regulatory oversight in April 2024 .

This move is expected to enhance the state’s energy landscape and attract more investments.