Ukrainian Firm Bids to Invest in Nigeria’s Energy Sector 

Olawale Ajimotokan in Abuja 

A Ukrainian company has offered to generate between 350-500 megawatts of renewable energy in solar and wind technology in Nigeria which will transform it into a power efficient nation.

The Director EDS Ukraine Power and Engineering, Olexandr Zapyshnyi made the offer in Abuja at a media briefing organised by the Ukraine-Nigeria Business Council to present the firm to the government of Nigeria.

Zapyshnyi, who was accompanied by the Second Secretary of the Embassy of Ukraine Davyd Hohiia and the Head of the Nigerian Office, Ukrainian Chambers of Commerce and Industry, Olena Nedryhailo said the company was generating about 40 megawatts of its own in Ukraine and was interested to provide the investment in Nigeria.

He said the company had for 15 years been working in different fields of renewable energy and thermal energy and remained operational in Ukraine in spite of the ongoing war with Russia.

The President Ukraine-Nigeria Business Council, Mr Ben Gbade-Ojo, who attributed Nigeria’s industrial and economical challenge majorly to poor electrical power supply, said EDS should be commended for starting its African investment and roll out of technology and expertise in Nigeria.

He said that the firm planned to immediately initiate its enterprise first in the FCT and Lagos with other states to follow.

The Ukrainian- Nigerian Business Council also urged the federal government to carry out a comprehensive audit of all power infrastructure assets in the country to ensure improvement in power supply.