INDUSTRY TRENDS

REA holds roundtable with state governments, DISCOS, charts a new course for collarboration, partnership and sustainable impact in the energy sector

Abuja, Nigeria –As part of the central role of the Rural Electrification Agency (REA) in sustainable energy ecosystem, and with the guidance of the Federal Ministry of Power, the agency convened a 2-day Roundtable event to chart a new course for collaboration and partnership with designated representatives from the State Governments and Distribution Companies. The event held in Abuja on the 27th and 28th of February 2024. The solution-driven and issues-focused 2-day event was convened in collaboration with frontline institutions in the sustainable development space, Ernst & Young (EY), the United States Agency for International Development (USAID) and the World Bank.

Collaboration and Partnership with States and Distribution Companies (DisCos) is central to the success of REA’s mandate especially in light of the new regulatory framework introduced by the Electric Power Sector Reform Act (EPSRA) 2023 which emphasizes the importance of effective coordination with States and relevant stakeholders for rural electrification projects. Despite the current collaboration and partnership between the REA and some States/DisCos for project delivery, there is a need for increased collaboration to enhance the success of electrification initiatives.