Daily Archives: January 19, 2018

gris

N701 Billion Funding Saved Power Sector from Collapse – Ugbo

N701 Billion Funding Saved Power Sector from Collapse – Ugbo

The Managing Director of Niger-Delta Power Holding Company, NDPHC, Mr. Chiedo Ugbo noted that the N701 billion intervention funding granted to the Power Generation Companies (GenCos), by the Federal Government early last year saved the power sector from an imminent collapse. Mr. Ugbo recalled that before the release of the intervention funds, GenCos were generating

gas power plant turkey

Edo, Sahara Energy to Power Public Utilities with Gas

Plans by the Edo State government to improve power supply through partnership with oil and gas companies have received the buy-in of Sahara Energy. The innovative energy solution includes the conversion of gas, hitherto flared, to electricity that will be used to power hospitals, schools, street lights and other public utilities. Governor Godwin Obaseki, who spoke

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Nigeria: Power lines to be Constructed to Pipe 2,000 MW Surplus

Nigeria’s government will construct two additional power lines to pipe the surplus of 2,000 MW. Due to lack of adequate infrastructures, the Federal Government was unable to transport the power surplus recorded for months. Indeed, Nigeria has an output capacity of 7,000 MW while its power distribution capacity stands at 5,000 MW. “Federal Executive Council

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Industrialist Blames Unemployment on Poor Power Supply

Onitsha worried by the poor electricity supply across the country, an Onitsha-based industrialist and a manufacturer of binding iron and other household materials, Chief Linus Ezenkwu, has lamented that poor power supply in Nigeria was affecting greatly the pace of industrialization of the country. He stressed that if the power sector is stabilized a lot

green energy investment

AfDB Targets $8 Billion Investments in Nigeria

The African Development Bank, (AfDB) would increase its investments in Nigeria to $8 billion by next year, the President, Dr. Akinwumi Adesina, has revealed. Speaking at the opening of the bank’s Country Office building in Abuja, Thursday, he said that the institution would continue to strongly support Nigeria, the largest shareholder of the bank. According

The Lenfest Center for Sustainable Energy_21177656

Off-Grid Energy Challenge Now Open for Nigerian Developers

The US African Development Foundation (USADF), All On and other partners are calling on Nigerian energy developers to apply for the Off-Grid Energy Challenge. The Challenge is aimed at identifying innovative off-grid solutions to ‘power up’ underserved areas in Nigeria and will provide awards of up to $100,000 per enterprise.   Applicants should be developing,

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Morocco Awards Contract for Pumped Storage Hydro Plant

French-based VINCI Construction company has announced that Morocco has awarded them a €284 million ($346 million) contract to build a pumped storage hydroelectric plant (PSP), near Agadir. The project, which consists of storing energy in hydraulic form, is part of the development and integration plan for renewable energies in Morocco. It includes execution studies, construction

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