Alternative Energy

FG to partner Standard Bank and Stanbic IBTC on funding mining

May 17, 2019

As efforts are on course to reposition the Mining and Steel sector to take its pride of place as first among equals in terms of contributions to national economic growth, the Minister of State for Mines and Steel Development, Hon. Abubakar Bawa Bwari has said that  government will continue to collaborate with International financial partners to revamp…

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FEC approves $1bn Chinese EXIM bank loan for Gurara hydropower project

May 16, 2019

The Federal Executive Council, FEC on Wednesday approved $1 billion loan from Chinese EXIM Bank for the Gurara II Hydropower project. The Council also approved N5.7 billion for the revised estimated cost for the completion of Nkari dam in Akwa Ibom State. Minister of Water Resources, Sulieman Adamu, disclosed this while briefing State House Correspondents…

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Ekiti to partner consortium over alternative energy master plan

May 15, 2019

The Ekiti Government says it is ready to partner with a consortium of firms in drawing the master plan on the best alternative source of electricity for the state. The state Commissioner for Infrastructure and Public Utility, Mr Bamidele Faparusi, said on Tuesday in Ado-Ekiti that the partnership with the private sector would improve power…

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Public buildings, Institutions to go on solar – FG

May 13, 2019

The Federal Government has stated plans to connect all public buildings and institutions to solar (off grid) power, in a bid to achieve its electrification programme for the country. Minister of State for Power, Works and Housing, Mr. Mustapha Shehuri, made this known to Vanguard, while speaking on investment on solar development in the country.…

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AfDB approves $200m for Nigeria’s rural electrification projects

May 13, 2019

The African Development Bank Group (AfDB) has approved $200million to boost Nigeria’s electrification project, particularly the off-grid expansion being implemented by the Rural Electrification Agency (REA). A source in the bank, who did not want his name in print because he was not authorised to speak, said the project is expected to provide electricity to…

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Daystar Power, Trine partner to fund solar projects in Nigeria, others

May 10, 2019

One of the major challenges faced by West Africa countries is electricity. For years, Nigeria, which is the region’s largest economy, has been unable to provide electricity to its citizens despite having resources to do so. One company that has taken it upon itself to solve the problem is Daystar Power, a leading solar energy…

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Sterling Bank places renewable energy as key sector for investment

May 8, 2019

Sterling Bank Plc has called for reform of the energy sector at the  fourth Nigeria Energy Forum themed Upscaling Clean Energy for Sustainable Development supported by the lender. The project is  part of its commitment to the HEART of Sterling initiative to invest in five key sectors of the Nigerian economy namely Health, Education, Agriculture, Renewable…

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Osun Governor promises completion of small hydro-electric power project

May 4, 2019

Osun state Governor, Gboyega Oyetola has promised to complete the ongoing construction of the small hydroelectric power project initiated by his predecessor, Ogbeni Rauf Aregbesola. The power project is located at Ikeji Ile and would serve the two major towns (Ikeji Ile & Ipetu Ijesa) in Oriade local government area of the state. The leader…

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FG concessions 750KW solar project to Proserve Energy

May 3, 2019

The Federal Government has concessioned the 750 kilowatts (KW) solar power system that will energise the Federal Ministry of Power, Works and Housing (Power House) building in Abuja for 10 years to Proserve Energy Services Limited. The Power Purchase and Concession Agreements were presented to the Infrastructure Concession Regulatory Commission (ICRC) yesterday. The Permanent Secretary…

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Slovakian firm to assemble electric cars, energy bulbs in Cross River

May 3, 2019

The Cross River Government has concluded plans with a Slovakian firm, Sirieco, to establish electric car assembling plant in the state. The Chief Executive Officer of Sirieco Company Limited, Mr Groidis Peter, disclosed this while he and his team were on an inspection tour of Ayade Industrial Park in Calabar. Apart from the electric car…

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