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On April 15, 2016, Runh Power signed an exclusive memorandum of understanding with the head of Nigeria's presidential delegation during their visit to China. Nigeria is the second largest economy in Africa, but faces a severe power shortage. Because Nigeria actually generates less than 5,000 megawatts of electricity today, nearly half of the country's population faces daily power shortages, severely hampering its economic development.
The memorandum of understanding stipulates that Runh Power will focus on renewable energy sources and consider different ways of generating electricity in Nigeria. Runh Power will design and build power plants in Nigeria, including solar, biomass and coal, to meet domestic electricity demand. The cooperation between the two parties will help solve Nigeria's electricity shortage, promote Nigeria's development, and foster friendship between the two countries.
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