The Senate, through its committee on Power, is exploring the possibility of partnering a South Korean energy firm, BK Energy, to address the incessant grid collapse and its attendant power outage in the country......CONTINUE READING THE ARTICLE FROM THE SOURCE>>>>>
Chairman of the committee, Senator Enyinnaya Abaribe broached the idea on Monday while playing host to a visiting management team of BK Energy on investment drive in Nigeria.
Addressing the investors, Abaribe said, “We want you to be very practical in your submission for us to buy into whatever new technology or idea you have brought, which should serve as expected solutions for us.”
The BK Energy team leaders, Mr Haeagwoo Lee and Sangwoo Park, suggested a mini -grid approach for the Nigerian government to solve the frequent grid collapse in the country.
According to them, South Korean, with a population of about 50 million people, has 130, 000 megawatts of electricity generation that are not loaded on a single central grid.
“There is need for decentralisation when it comes to wheeling or transmission of power generation to avoid waste or incessant collapse.
“Nigeria is even a very lucky country where coconut is largely produced agriculturally, which can be converted to Graphene for power generation as done in South Korea. Coconut trees can also be used to build a generating plant in any neighborhood,” he said.
Speaking earlier, the chairman and Chief Executive Officer of TUG Energy, Mr Uzo Udemba, who led the South Korean investors to the National Assembly, explained to the committee that Green Hydrogen is the new paradigm shift in the energy sector, which Nigeria should position itself as the hub.
Udemba added that many countries of the world are moving away from the National Grid model of power storage and distribution, to avoid disappointment of grid collapse as has always been the case in Nigeria.
“The BK Energy from South Korea is here to practically share with Nigeria and Nigerians, new technology of power generation, transmission and distribution by setting up factories here to train Nigerians across the three components,” he said.