Alternative Energy

FG to unveil national policy on renewable energy

May 16, 2014

The Federal Government on Friday said it had concluded plans to launch a National Policy on Renewable Energy and Energy Efficiency to boost power supply in the country. The Minister of State for Power, Alhaji Mohammed Wakil, made the disclosure in Abuja when the Vice President of China Hydro International, Mr Han Yang, visited him…

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Nigeria to get $6 billion nuclear plant in 2022 – NAEC

May 16, 2014

The Nigeria Atomic Energy Commission, NAEC disclosed yesterday that plans have been concluded to procure a $6 billion nuclear plant in 2022 to ensure stable power supply in the country for a period of 60 years. In its presentation before the Rashidi Ladoja-led Committee on Energy at Nicon Luxury Hotel, Abuja, Director, Human Resources of the…

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NEXIM Bank supports mines and steel with N1.3bn

May 15, 2014

Nigeria Export Import Bank (NEXIM) will support the mines and steel sector with N1.3 billion during the year as part of efforts to boost performance in the non-oil sector, an official said. The Managing Director of the Bank, Mr Roberts Orya, made the plan known in an interview with the News Agency of Nigeria (NAN)…

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Nigeria, Japan to collaborate on waste management, renewable energy

May 14, 2014

The Japanese government has pledged to assist Nigeria in the areas of renewable energy and waste management. Speaking at a media roundtable with journalists in Abuja, the visiting Japanese foreign minister on environment Mr. Hideki Makihara said: “We have observed that waste management system in Africa is not good. We have greatly improved our technology…

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FG to cancel under performing coal mining licences; Dangote indicates interest in mining sector

May 14, 2014

Vice President Namadi Sambo on Tuesday said government would soon cancel all the licences of under performing miners across the country. Sambo stated this when the leadership of the Dangote Group, led by Alhaji Aliko Dangote, paid him a courtesy call at the State House, Abuja. He said the licences would be cancelled to attract…

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FG to partner NASENI on solar panel production

May 14, 2014

The Federal Government on Tuesday expressed readiness to support the National Agency for Science Engineering Infrastructure (NASENI) in the production of solar panels for renewable energy. The Minister of Power, Prof. Chinedu Nebo, made this known when he inspected the NASENI solar panel manufacturing plant in Karshi, in Abuja. Nebo said, “with the low level…

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Power sector investors should explore coal, solar and other energy sources – Nebo

May 14, 2014

 Federal Government has urged potential investors in the power sector to consider renewable energy sources such as coal to power, hydros, solar, wind, and bio-mass. The minister of Power professor Chinedu Nebo, who gave the charge at the just concluded World Economic Forum in Abuja, said the diversification had become necessary going by the incessant…

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Transformation Agenda, Sustainable Transportation and Alternative Fuel For Vehicles

May 11, 2014

The Nigerian economy has borne the huge burden of subsidy payments on petroleum products. Massive importation of light petroleum products (petrol, diesel, and kerosene) continues unabated because the national refineries are working sub-optimally and new ones are yet to be constructed. Recently, government announced its plan to privatize the old and mismanaged refineries, which was…

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Petroleum Minister advocates robust energy mix policy to address energy deficit in Africa

May 11, 2014

The Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, on Friday advocated a mixed basket energy policy to address the energy challenges in Africa. Alison Madueke made the call in Abuja at the World Economic Forum on Africa (WEF). She said there was need for African leaders to formulate short, medium and long term policies that would enhance the…

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Skypower Energy to invest $5bn solar powered electricity project in Delta

May 8, 2014

Delta State has taken the lead in the generation of renewable energy as Canada has invested $5 billionin the state to produce 3,000 megawatts of electricity. The initiative of the state government to key into the green economy programme of the global community paid off as the federal government recently signed a Foreign Investments Protection…

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