Author Archives: Nextier Power

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Nigeria Needs Alternative Sources to Meet Energy Demand

Nigeria joined the rest of the world to mark the International Day of Forests on March 21. This year’s theme, ‘Forest and Energy’, aims at raising awareness on the importance of all types of woodlands and trees and celebrate how they sustain and protect humanity. Globally, this year’s theme highlighted the importance of wood energy

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Nigeria: Developing Nigeria’s Renewable Energy Potential

Nigeria is facing significant challenges in reforming and providing the required impetus for development of its power sector. The country’s Electricity Supply Industry (ESI) has been plagued by a variety of legacy, structural and institutional challenges which have resulted in overall decline in service levels across generation, transmission and distribution segments of the industry. In

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GreenWish Doubles Solar Power Plans In Nigeria To 200 Megawatts

Investment company GreenWish Partners has doubled its planned capacity addition in Nigeria’s solar power market. GreenWish Partners now plans to set up 200 megawatts solar power capacity in Nigeria after entering into long-term agreement for power sale with the Nigerian Bulk Electricity Trading company (NBET). The company is expected to invest $280 million to bring

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Nigeria’s Electricity Generation Climbs to 4,000 Mega Watts

In their daily electricity generation chart, the Transmission Company of Nigeria (TCN), said that last week power generation rose to 4,232.6MW from 3,500MW recorded in the last two months. This is partly unexpected because according to the Nigerian Electricity Supply Industry (NESI) Statistics, the power sector lost about N1.2 billion on March 20, 2017, due

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N26.4bn Debt, others Hamper Olorunsogo Power Station’s 335MW Capacity

The Managing Director/Chief Executive Officer of Pacific Energy Company Ltd, operator of Olorunsogo Power Plant in Ogun State, Monsuru Afinni, has disclosed that a debt totalling N26.4 billion being owed it by the Nigerian Bulk Electricity Trading Plc (NBET) and the Market Operator (MO), among other technical challenges, have hampered the 335-megawatt-capacity plant from effectively generating power

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