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Africa Requires $190 Billion Annual Investments to Achieve Energy Goals

Africa will require about $190bn worth of investments annually between 2026 and 2030 to meet its energy and climate goals to boost socio-economic prosperity on the continent. This was disclosed by Seyi Sobogun, Head, Capital Projects, Egbin Power Plc, a Sahara Power Group Company, while delivering a paper titled “Energy Mix – The Challenges with Funding and Deploying Commercially Viable ...

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Ikeja Electric bags Best Performing Disco, Most Gender Diverse Utility Company in 2022

Lagos, Nigeria; 23rd November 2022: Leading Electricity Distribution Company, Ikeja Electric Plc (IE), has emerged the Best Electricity Distribution Company of the year and Most Gender Diverse Utility Company while the Board Chairman of the company and Executive Director of Sahara Group, Mr. Kola Adesina MFR bagged the Power Sector Lifetime Achievement Award at the maiden edition of Nigeria Power ...

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Ikeja Electric Cautions Against Damages to Electricity Infrastructures by Vehicles and Other Road Users

In a continued effort to ensure safety and protection of electricity infrastructure in its coverage area, Ikeja Electric Plc has cautioned against damages to it’s electricity Infrastructures by reckless driving; which consequently leads to total blackout in some communities within its network. The Head of Quality, Health and Safety Environment, Ikeja Electric, Engr Jamiu Badmos, said in a statement that ...

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Egbin Power Bags Safety Excellence Award of the Year

Egbin Power Plc has received the Utility Power Generation Company of the Year at the 2022 Afrisafe HSE Awards, a prestigious Health, Safety and Environment (HSE) industry award held to honour outstanding individuals, corporate organizations and laudable initiatives in the safety industry across Africa. The event, the most prestigious HSE awards in Africa, was attended by notable personalities, professionals, entrepreneurs, ...

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Hydropower : FG Approves $3 Billion Governance Framework for Hydro -Electric Plant in Benue

The National Council on Privatisation (NCP), chaired by Vice President Yemi Osinbajo, has approved a governance framework for the development of a US$3 billion Hydropower plant in Makurdi, Benue State. Osinbajo’ spokesman, Laolu Akande, in a statement on Tuesday in Abuja, said the NCP met at the Presidential Villa, Abuja. The plant is expected to be the largest hydropower project ...

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Transmission Capacity Improves by 1000 MWs with Abuja Power Project

Transmission capacity will be increased by 1000MWs through Abuja Ring Project. The Minister of Power, Engr Abubakar Aliyu made the disclosure at the weekend while inspecting the Abuja Ring Projects in company of the Managing Director of TCN, Engr. Sule Abdulaziz, transmission projects in Abuja. According to him, the Abuja ring project is funded through a $170 million loan from ...

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FG Made Mistakes in Privatizing Only Some Assets of Power Sector – PowerCap Boss

………by Ben Ndubuwa……. Engr. Biodun Ogunleye, the Chief Executive Officer of PowerCap Limited, one of the leading energy consulting firm has. said that the federal government made mistakes in privatizing some assets of the power sector and keeping some assets aside. According to him, the government should have unbundled all the assets and clean up the whole sector. “We made ...

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BPE: FG, China EXIM Bank Collaboating to Build Zungeru Hydroelectric Power Plant

The Bureau of Public Enterprises (BPE) has stated that the federal government was actively collaborating with the EXIM Bank of China to construct the 700 megawatts (mw) Zungeru Hydroelectric Power Plant (ZHPP). The BPE Director General Public, Mr. Alex Okoh who stated this, said that the investors’ roadshow for the concession of the plant was in continuation of the federal ...

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REA Signs $395 Million Deals to Boost Rural Electricity

The Rural Electrification Agency (REA) says it has signed 267 agreements worth about $395 million to provide electricity to unserved and underserved Nigerians under the Nigeria Electrification Projects (NEPs). The Managing Director, REA, Salihijo Ahmad, told journalists in Abuja that the NEP Nigeria is currently funded by a $350 million World Bank loan and $200 million African Development Bank (AfDB) ...

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Africa needs $40 Billion Annual Grid Investments for Stable Electricity – Sahara Boss

The Group Managing Director, Sahara Power Group, Mr Kola Adesina, says African countries will require an average of $40 billion power grid investments annually for five years to deliver stable electricity to citizens on the continent. Mr Bethel Obioma, the Corporate Communications Manager of Sahara Group Ltd., said this in a statement on Tuesday, November 1, 2022, in Lagos. According ...

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