Read the full article here at Nigerian Tribune
Bboxx Energy Access Nigeria, last week Friday, signed an Output-Based Fund (OBF) grant agreement with the Rural Electrification Agency Nigeria (REA Nigeria), under the Solar Home Systems (SHS) component of the Nigeria Electrification Project (NEP).
By this signing, thousands of SHS units will be deployed by Bboxx Energy Access Nigeria towards transforming the lives of about Nigerians with clean, reliable and affordable electricity.
Speaking at the signing event, Mr. Ernest Akinlola, Managing Director, Bboxx Energy Access Nigeria said, “I am honoured and privileged to represent Bboxx Limited and Bboxx Energy Access Nigeria at the signing of the output-based fund. The $60million fund allows Bboxx Nigeria to receive grants in the form of subsidies for the installation of Solar Homes Systems (SHS) for households and micro, small, and medium enterprises in rural areas as part of Nigeria’s Electrification Project (NEP). With this development, we will significantly advance our commitment to providing sustainable, clean power to 20 million Nigerians in the next ten years.