- Genesis Energy signs an MoU with the Katsina State Government to invest $500 million in clean energy infrastructure.
- The partnership targets solar, wind, hydro, mini-grid, and gas projects to drive industrialisation and economic growth in the state.
Genesis Energy Holding, a UK-based Pan-African clean energy infrastructure company, has signed a $500 million memorandum of understanding (MoU) with the Katsina State Government to develop a diverse portfolio of energy projects across the state.
Genesis Energy announced the partnership, stating that the agreement covers the development, financing, construction, operation, and maintenance of strategic energy infrastructure aimed at powering Katsina’s economic transformation.
Governor Dikko Radda commended the collaboration as a “significant step toward providing reliable, cost-effective, and environmentally friendly power solutions,” stressing its role in attracting investment and boosting industrial activity in the state.
“This MoU represents a major milestone in our ongoing efforts to build resilient infrastructure,” Radda said. “It lays the foundation for a prosperous and greener future for generations to come.”
The first project under the agreement is expected to be commissioned before the end of April 2025.
The MoU outlines a framework for clean energy projects spanning solar, wind, hydroelectric, mini-grids, and natural gas to position Katsina as a major energy hub in Nigeria and West Africa.
Genesis Energy’s Chairman and CEO, Mr Akin Omoboriowo, reaffirmed the company’s commitment to sustainable development across the continent. “Lighting Up Africa is more than just a vision for GENESIS; it is the heartbeat that drives us,” he said. He added that the partnership aligns with Nigeria’s energy security goals and will deliver power to essential sectors such as healthcare, agriculture, and industry.
The collaboration is expected to significantly enhance Katsina’s energy independence while contributing to the region’s transition to a low-carbon economy.