Ukrainian company to invest in Nigerian energy sector

A Ukrainian company, EDS, is making plans to invest in the energy sector to improve electricity supply in Nigeria.

The Director of EDS, Zapyshynyi Olexandr, said the company was already mapping out strategies on how to go about the project.

While noting that the project will combine solar, wind and hydro energies, he said it will begin in the FCT and Lagos before cascading to other states.

“We are looking at mini-grids because we realised that that is where the energy problem is in Nigeria. How successful the first project is will determine how much investment we will bring in,” Olexandr said.

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Speaking at the press conference, President of the Ukraine-Nigeria Business Council, Ben Gbade Ojo, said: “Today, we are pleased to present to Nigerians the EDS Ukraine Power and Engineering, a Ukrainian Company that has all it takes to turn around the electric power fortunes of Nigeria and help transform Nigeria into a power-efficient nation.

“We welcome the EDS to Nigeria and urge all Nigerians to take advantage of their immense capabilities for sustainable power sector efficiency in Nigeria.”

He said the prime objective of the press conference was to avail the government and Nigerians of the vast opportunities available for the sustainable development and maximal performance of Nigeria’s troubled electric power sector, through a partnership with the people of the Republic of Ukraine.