Home Business and Economy Genesis Energy Solar Project Saves Katsina ₦3bn Yearly, Powers Hospital 24/7

Genesis Energy Solar Project Saves Katsina ₦3bn Yearly, Powers Hospital 24/7

by Radarr Admin
Genesis Energy Solar Project Saves Katsina ₦3bn Yearly, Powers Hospital 24/7

A clean-energy firm, Genesis Energy Group, says its solar power project in Katsina State has helped the state save more than ₦3 billion every year in energy costs while ensuring stable electricity supply for the Katsina State General Hospital.

The company, which specialises in clean-energy infrastructure development and asset management, said the project was part of a $500 million Memorandum of Understanding (MoU) it signed earlier with the Katsina State Government to roll out solar photovoltaic systems and battery storage solutions across the state.

The development has significantly reduced dependence on diesel generators and unreliable grid electricity, providing the hospital and other facilities with uninterrupted, affordable, and sustainable energy.

Genesis Energy disclosed this achievement during the 2025 Nigeria Energy Leadership Summit, which was held recently at the Landmark Centre in Lagos, where it served as the headline sponsor.

The summit brought together top policymakers, financiers, and industry leaders to discuss new ways of achieving a reliable power supply under the theme: “Powering Nigeria through Investment, Innovation and Partnership.”

Speaking at the event, the Chairman and Chief Executive Officer of Genesis Energy Group, Akinwole Omoboriowo II, said Nigeria’s energy sector is witnessing a transformation driven by the Electricity Act 2023, which allows states and private investors to play stronger roles in power generation and distribution.

He explained that Genesis Energy was already translating these policy reforms into real progress by developing large-scale renewable energy projects across Nigeria.

“Our partnership with the Katsina State Government under the $500 million MoU is one example of how decentralised clean energy can transform communities,” Omoboriowo said. “Through solar power and battery storage systems, we have achieved uninterrupted electricity for the Katsina State General Hospital while helping the state save over ₦3 billion annually in energy costs.”

Omoboriowo said the company’s focus is to use private capital, technology, and partnerships to drive sustainable electricity generation and reduce Nigeria’s dependence on fossil fuels.

He also pointed out that renewable projects like the one in Katsina align with Nigeria’s Energy Transition Plan, which seeks to cut carbon emissions, expand electricity access, and attract green investments into the power sector.

Genesis Energy’s activities extend beyond Katsina. The company recently entered into another strategic collaboration with the Nigerian National Petroleum Company Limited (NNPC) to channel excess electricity from the Port Harcourt Refining Company (PHRC) into the national grid.

The partnership was unveiled during an official visit by the Minister of Power, Chief Adebayo Adelabu, to Genesis Energy’s operational site located inside the refinery complex at Eleme, Rivers State.

Under the new arrangement, Genesis Energy and NNPC will work jointly to harness and distribute stranded power from the Port Harcourt Refinery, which is currently undergoing a technical review, to improve grid supply and reduce energy shortages nationwide.

According to the company, its 84-megawatt private off-grid clean power plant located at the refinery remains Nigeria’s largest privately operated facility of its kind. The plant was originally built to supply power to the refinery and surrounding communities, but the new deal now allows surplus power to be shared with the national grid.

“The goal is to ensure that no megawatt of energy is wasted. Instead, we want to make every kilowatt count in powering homes, industries, and businesses across Nigeria,” Omoboriowo said.

Energy experts at the Lagos summit commended Genesis Energy for its innovative model, noting that decentralised energy projects like the Katsina solar plant and the Port Harcourt power initiative show how the private sector can help bridge Nigeria’s electricity gap.

The projects are also seen as vital steps in reducing the country’s dependence on imported fuel and cutting carbon emissions while creating new jobs in renewable energy, engineering, and maintenance.

Omoboriowo reiterated that Genesis Energy is committed to working with both federal and state governments to deliver affordable, sustainable, and reliable electricity to Nigerians.

“Our vision is to power Africa’s future through clean, sustainable energy. What we are doing in Katsina and Port Harcourt demonstrates that with the right policy and partnerships, energy access can be achieved faster than many think,” he said.

With Nigeria’s population projected to exceed 230 million by 2030, energy demand continues to rise sharply. Analysts believe that scaling up solar and off-grid power solutions will be essential to meeting the country’s development targets and boosting economic productivity.

Genesis Energy’s success in Katsina offers a model that other states could adopt to improve energy access in health facilities, schools, and rural communities—reducing both cost and environmental impact.

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