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POWER SECTOR
W/Bank to Disburse Approved $750m Nigeria’s Power Sector Fund in 2021
The World Bank has said that it would start the disbursement of the $750 million it approved for Nigeria’s Power Sector Recovery Programme (PSRP) next year and complete the exercise in 2023.
Nigeria’s Power Sector Recovery Programme is…
Collapsed Infrastructure, Others Blamed for Nigeria’s Power Sector Loss of N365bn in 6 Months
Nigeria’s power sector has recorded losses amounting to N365 billion in the first half of 2020, H1’20, attributable to insufficient gas supply, distribution and transmission infrastructure.
This represents 23% increase year-on-year…
Kainji Dam, Hydro Power Plant intact ― Mainstream
The Management of Mainstream Energy Solutions Limited, operators of the Kainji and Jebba Hydro Power Plants said, that the facilities were intact and in full operations.
The company was reacting to what it described as a “wicked rumour…
Hydroma Launches Industrial Production of Hydropgen-based Electricity in Mali
After eight years of an experimental phase, Hydroma Inc., the precursor of natural hydrogen in Mali, is moving up a gear.
The natural hydrogen wells operated by this company will now be used to produce clean electricity on a large scale…
Amsterdam Museum Square Goes Fossil Free
Artists, performers, and cultural workers gathered on Amsterdam’s Museumplein, Wednesday to celebrate the cutting of ties with fossil fuel companies by all cultural institutions located at the city’s iconic square which includes the…
Ivory Coast: Government Connects 1,800 homes in Moronou to Electricity
The 1,800 inhabitants of Assikro and Nanan Assouakro in the Moronou region of Ivory Coast have been connected to the national electricity grid.
The work was financed by the Ivorian state to the tune of 267 million CFA francs, or around…
Electricity Tariff Increase: Customers Without 12Hrs Supply Exempted – NERC
The Nigerian Electricity Regulatory Commission (NERC) at the weekend insisted that Electricity Distribution Companies (DisCos) must not increase tariffs of customers enjoying less than 12 hours of power supply from the new electricity…
Solar and Wind Reach 67% of New Power Capacity Added Globally in 2019, while Fossil Fuels Slide to…
Photovoltaics by far the world’s leading power-generating technology installed in 2019; 45% of capacity added was solar with one-third of all countries making it their top choice
New York and São Paulo, September 1, 2020 –…
FG Secures $6.15bn for Power Infrastructure – Mamman
The Federal Government has secured $6.15 billion for infrastructural development in the power sector, a report says.
The Minister of Power, Engr Sale Mamman, disclosed this in his ‘One Year Anniversary: Key achievements’ report.
He…
How Ghana’s Quest for Power Abundance Turns to Burden as Energy Debts Mount
Ghana’s bid to end its chronic electricity shortage has gone awry as the country can no longer afford the deals it signed with investors, reports have said.
The deals’ terms require the government to pay for electricity generated even…
Ashipa Electric to Provide Renewable Energy to Underserved Nigerian Communities
US-based energy company, Ashipa Electric has announced plans to inject 5MW of power into underserved communities in Nigeria in the next 18 months.
The company has just been announced as a member of Techstar’s Alabama based EnergyTech…
London-Based, Actis Seeks More Investment in Africa’s Power Sector
London-based, private-equity firm Actis LLP has said that it is looking at African energy projects to add to the $1 billion it has already invested in the sector on the continent.
Actis is a global emerging markets investment firm…
Siemens Best Qualified for 25,000MW Grid Expansion – FG
The Federal Government has explained that the German firm, Siemens AG was chosen for the expansion of Nigeria’s power grid because it was the best qualified company to handle the rehabilitation of the country’s dilapidated electricity…
Foreign Firms Eye $5bn Investment in Nigerian power sector
A consortium of Western investors has presented their plan to invest over $5bn in Nigeria’s power sector, the Federal Government has said.
Information from the Office of the Minister of Power on Sunday, revealed that the investors would…
Renewable Energy to Consume as Much as $3.40trn Globally By 2030
A report has suggested that the 2020s will be crucial for all the participants in the power industry as the transition toward renewable energy is expected to increase, a report by All Africa said.
The report published Frost &…
TCN, Discos Risk NERC Sanctions for Failure to Deliver, Reject Allocated Power
Transmission Company of Nigeria (TCN) and the electricity distribution companies (Discos) will henceforth be sanctioned by the Nigerian Electricity Regulatory Commission (NERC) if they fail to deliver the quantum of power required or…
Egyptian Parliament Validates 336m Euros Loans for Renewable Energy, Others
Egyptian House of Representatives have validated a 336m million Euros loan agreements from the European Bank for Reconstruction and Development (EBRD) and the French Development Agency (AFD).
The money from the banks is intended to…
New Tariff Plan: EKEDC, IKEDC Commence Implementation
Eko Electricity Distribution Company (EKEDC) and Ikeja Electricity Distribution Company (IKEDC) have commenced implementation of the new Service Reflective Tariff Plan.
The firms disclosed this on Tuesday in Lagos.
The DisCos cited…
Meter Manufacturers Urge Buhari to Rescind Deferment of 35% Import Levy
The Electricity Meter Manufacturers Association of Nigeria (EMMAN) has appealed to the Nigerian government to review its decision to promote full local content in the manufacture of pre-paid meters.
The plea followed President Muhammadu…
India’s Electric Firm Plans Solar Mini Grid in Kaduna
India state-owned engineering major Bharat Heavy Electricals Limited is executing a solar-powered mini-grid project in the Kaduna State of Nigeria, in consortium with Skipper Electricals (India) Limited.
The company has invited bids for…