The landmark 500MW wind and 500MW solar projects, represent US$1.1 billion of investment into the Egyptian economy and takes the Company’s clean energy portfolio to 2GW in the country.
We need to invest in research and the development for renewable energies on the continent. African Governments need to set own strategic framework that promote renewable energies. This should have a clear mechanism and regulations that support Renewable energy operators and reinforce their follow-up. Because some governments would establish strict regulations, and even track their implementations. However, on the other side to approve the tariff they are skeptical and want the tariff to be as low as possible which does not reflect the quality and compliance regulations for project execution. We need to promote homemade solutions; I mean African solutions.
Organisations across Africa are looking to development banks, governments, NGOs and private sector investors to secure financing at scale to support their energy transition objectives.
Officials and residents of the two states have also accused each other of attempting to appropriate the site which is said to contain one billion barrels of crude oil reserves and 500 billion standard cubic feet of gas.
The upcoming Africa Energy Indaba is set to empower attendees with insights to leverage significant opportunities that will ultimately accelerate Africa’s energy infrastructure, subsequently transforming the continent into a competitive, industrialised global player.
The inauguration of drilling operations at the Kolmani River Oil Field that straddles Gombe and Bauchi states and with estimated reserves of over one billion barrels of crude potentially diversifies oil production from the Niger-Delta and brings the country closer to its ambition of growing crude oil reserves to 40 billion barrels.
The minister reiterated Nigeria’s commitment to renewable energy and seeks partnerships for its energy transition plan.
African mining and metals are critical to tackling the global climate emergency. Home to 30% of the world’s mineral deposits, including the critical minerals needed in green technologies and renewable energy, the continent is positioning itself to benefit from the green energy transition.
A large number of the equipment still in the store was recently inspected by members of the Governing Board of TCN and Management. The massive and unprecedented stockpile of various kinds of transmission equipment presently are gradually being moved to project sites for maintenance, new projects and upgrading of existing transmission lines and substation.
The Chief Executive Officer, Ikeja Electric, Folake Soetan who received the prestigious awards attributed the achievements to the collective efforts of the management and staff of Ikeja Electric, saying “It is our collaborative efforts and teamwork that earned us these worthy awards. As the largest electricity distribution company in Nigeria, we will continue to set the pace in the industry. We are committed to bringing energy to life responsibly to ensure a better life for our customers as they depend largely on electricity to carry out their entrepreneurship”.
