POWER

………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 ...

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 ...

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) ...

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 ...

All On, through its venture-building platform the All On Hub, in partnership with the Nigeria Climate Innovation Centre (NCIC) is pleased to announce the winners of the 2022 edition of the annual incubation program for early-stage renewable energy entrepreneurs. The entrepreneurs are: Retile, Let It Cold, Energy Assured, Nutrideen Agriculture Concepts, Danwawo Group, Swift Tranzact, Solaris Greentech Hub and Powerbox ...

General Electric a world leader in power technology and services, has announced a better deal for Nigeria’s power sector. It reiterated its commitment to support a robust, timely, just, and inclusive energy transition and implementation of power services as it plans for improved energy access for Nigeria and Sub-Saharan Africa . The company dropped the hints at the 9th edition ...

The new Board of Directors of Kaduna Electric has approved salary increase for staff across board. The news of the upward review of salaries was contained in a statement by the Managing Director/Chief Executive Officer of the Company, Yusuf Usman Yahaya. The statement explained that the Board of Directors deemed it appropriate and necessary to review staff salaries in view ...

A new report estimates that jobs in decentralized renewable energy (DRE) expected will exceed 76,000 in 2023, up from 32,000 in 2019, overtaking the oil and gas sector. This is contained in the Powering Jobs Census 2022: The Energy Access Workforce Nigeria report, which was launched on Friday, by Power for All, a global campaign to end energy poverty, in ...

The Rural Electrification Agency (REA) says it has inaugurated the Africa Mini Grids Programme (AMP) to support access to clean energy. Ogbe said that the four-year project was being funded by the Global Environment Facility (GEF) and supported by the United Nations Development Programme (UNDP) in Nigeria. He said that the programme aims to increase the financial viability and promoting ...

The electricity Distribution Companies (Discos) in Nigeria made a total revenue of N772.7 billion in 2021 in spite of mounting power supply challenges nationwide, a Nigerian Electricity Regulatory Commission (NERC) report has revealed. An analysis of the four-quarter report released by the sector’s regulatory agency showed that in the first quarter, the Discos raked in N183.73 billion while it collected ...