FG, states raise N100bn for prepaid meter procurement
The mandate we have was to procure and install a minimum of two million meters on a yearly basis over the next five years.
Tag: World Bank
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AfDB Group approves $500 million loan to boost electricity access in Nigeria
The energy transition plan envisions the development, by 2050, of 250 GW of installed electricity capacity, 90% of which will be renewable.
Approaches for addressing erratic power supply
Today, the country is grappling with an erratic power supply which has now crippled the economy.
JODER writes Tinubu over allegation of corruption in NNPCL
The NGO, established in 1996, asked the president to immediately set up a panel with people like Mr Femi Falana (SAN), Prof Jibrin Ibrahim, Olisa Agbakoba (SAN) and other credible Nigerians.
SEforALL Board approves term renewal of CEO Damilola Ogunbiyi
Ms. Ogunbiyi becomes the first CEO to be renewed for a second five-year term reflecting tremendous results and impact under her leadership
To tackle climate change, governments increasingly turn to green subsidies
Governments are increasingly turning to subsidies amid rising geopolitical tensions fueled by climate change, national security concerns, and the race to gain an edge in frontier technologies.
Oil price of $80–95 per barrel could be new normal in 2024
Elevated oil prices may be here to stay for the medium-to-long term, but it would have to take extreme geopolitical risks to push prices into triple digits in the immediate future, according to Ole Hansen, head of commodity research at Danish investment bank Saxo Bank.
Manufacturers oppose World Bank-funded Bid for supply of smart electricity meters
In the letter, which was jointly signed by the Acting President of the manufacturers’ association, Ademola Agoro, and the Secretary, Duro Omogbenigun, the association urged the BPP DG to direct the Transmission Company of Nigeria (TCN), Nigerian Electricity Regulatory Commission (NERC) and the Central Bank of Nigeria (CBN) to honour the pending four million meters supply contract awarded to its members since November 2022 under the Phase 1 of the NMMP.
FG, stop gas flaring, harness energy resources
Gas flaring is associated with the burning of crude oil to extract petrol and other by-products. The fracking, or standard process of refining crude oil has contributed to environmental degradation and global warming.
AMEA Power completes US$1.1 billion deal to deploy 1GW of wind and solar energy in Egypt
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.