Obasanjo Inaugurates 2MW Electricity At OOPL - THE DAILY CRUCIBLE

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Friday, November 26, 2021

Obasanjo Inaugurates 2MW Electricity At OOPL

••• Hopeful 80% Of Nigerians Will Have Access To Affordable Power By 2031

                 •Obasanjo in white attire



The Daily Crucible | Published Friday, November 26, 2021

By Adekunle Mariam, Abeokuta

Former President Olusegun Obasanjo on Friday inaugurated 2megawatts Solar Power Project to supply electricity to Olusegun Obasanjo Presidential Library(OOPL), Abeokuta, Ogun State.

Obasanjo said the launch marked the beginning of clean energy use within the facility and expressed the hope that 80 percent of Nigerians will have access to clean, safe and affordable energy (electricity) by the year 2031.

He called on governments, political leaders, innovators and entrepreneurs to commit themselves to producing electricity for Nigerians from renewable energy and truly clean carbon-free sources.

The elder statesman said this access to affordable energy by Nigerians could be achieved through renewable  energy, saying the goal goal is achievable, affordable and transformative.

He spoke while inaugurating the project witnessed scores of youth, including secondary school students drawn from across the country.

The 2megawatts OOPL Solar Power project is being handled by Dantata Solar
Ltd.

The ex - president noted that the (OOPL) solar power project is a reflection of its commitment to clean and renewable energy, adding that it is the single largest investment the not-for-profit facility has made.

He explained that it is cost effective and expressed the hope that by committing to consume renewable energy, this move of the OOPL will inspire others to follow and still inform others to do their bit for the environment. 

"As large an investment as it is, it is remarkably cost effective. It costs less than two and half years supply of diesel to power our generators. So in diesel terms it pays for itself in less than 3years.

" So in effect the electricity it produces after three years is almost at no cost. In addition, because it is not emitting any green houses gases that diesel generators do, it has the potential to earn carbon credits which are currently priced at US$ 40/ton. 

"Based on estimated annual production of 2,307,000 kilo Watt hours per year, we can expect to earn nearly US$39,589 in carbon credits per year.

"By monetizing this facility with strategic sponsorships and marketing alliances we will be able to generate revenue. Combined, this solar facility can generate electricity, generate revenues that contribute to the upkeep of the library, help save the planet making a small contribution to climate mitigation and adaptation, provide shade for parking, and be an inspiration for future generations. Who says you cant make a profit out of saving the planet?"

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