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POWER SECTOR: Ukrainian Company EDS Plans Investment in Nigerian Energy Sector to Boost Electricity Supply



In a bid to enhance electricity supply in Nigeria, Ukrainian company EDS has announced plans to invest in the country's energy sector. The Director of EDS, Zapyshynyi Olexandr, revealed that the company is actively strategizing on the implementation of the project.


The initiative aims to integrate various renewable energy sources, including solar, wind, and hydro energies. Initially focusing on the Federal Capital Territory (FCT) and Lagos, the project intends to extend its impact to other states in Nigeria.


Olexandr emphasized the importance of mini-grids in addressing Nigeria's energy challenges, particularly in areas with limited access to the main grid. He indicated that the success of the initial project will determine the scale of future investments.


Speaking at a press conference, President of the Ukraine-Nigeria Business Council, Ben Gbade Ojo, expressed optimism about the potential of EDS to revolutionize Nigeria's power sector. He encouraged Nigerians to leverage the company's expertise for sustainable improvements in the energy sector.


The press conference aimed to highlight the opportunities for collaboration between Ukraine and Nigeria in driving the sustainable development of Nigeria's electric power sector. The partnership between EDS and Nigerian stakeholders is expected to contribute significantly to the nation's quest for a more efficient and reliable power supply system.

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