Alternative Energy

NEXIM Bank to increase operational funds of mining sector to 10%

Dec 19, 2013

Managing Director, Nigeria Export-Import (NEXIM) Bank, Mr Robert Orya, said the operational funds to the mining sector would be increased to 10 per cent to develop the sector. Orya, who spoke to the News Agency of Nigeria (NAN) in Abuja, said that the operational cost was increased from three per ent to 10 percent to…

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Nigeria loses $1bn annually to unmined coal as demand rises

Dec 18, 2013

Even though Nigerian coal is currently in high demand in the international market on account of its low sulphur and moderate ash content, it is still in low supply, leading to the loss of $1 billion annually, information from the Nigerian Bureau of Statistics (NBS) has revealed. The loss is attributed to abandoned coal mines…

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FG urges Nigeria miners on joint venture mining

Dec 17, 2013

The Federal Government at the weekend, urged miners in the country to embark on joint venture mining to boost rapid development of the sector and also attract foreign direct investment. This was said by the Minister of Mines and Steel Development, Mr. Musa Sada, during a courtesy visit by the Miners Association of Nigeria, MAN,…

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Renewable energy village reaches 80% completion

Dec 12, 2013

The Renewable Energy Village located in Kaduna has reached 80 per cent completion, an official of the Federal Ministry of Environment said yesterday. Mrs Ebere Akwani, a Senior Research Assistant, Renewable Energy Programme in the ministry made this known to the News Agency of Nigeria (NAN) in Abuja. Akwani said the village would be ready…

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‘Transmission line for Gurara hydro-power plant ready by 2014’

Dec 12, 2013

The Federal Government is to complete the 140km 132kV High Voltage transmission Line for the Gurara hydro- electric power plant as well as the 2000hectre irrigation project at the Multi-purpose Gurara Water Transfer project in Kaduna State by 2014. The projects being handled by Salini Construction Company, are additional components of the  Gurara dam project,…

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SMEFunds promises to boost renewable technologies

Dec 4, 2013

SMEFunds promises to boost renewable technologies SMEFunds, a group committed to alternative energy development has concluded plans to deliver clean cooking and renewable energy technologies to over 10 million households in Nigeria and other parts of West Africa. This is targeted at solving problems that many households encounter in meeting their domestic cooking needs in…

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Coal industry claims UN climate chief doesn’t understand the energy market

Dec 3, 2013

A couple of weeks ago, during the UN climate negotiations, Christiana Figueres, the UN climate chief, gave a speech in which she stated that “coal must change rapidly and dramatically for everyone’s sake.” Milton Catelin, the chief executive of the World Coal Association (WCA), explained to the Guardian that Figueres has ignored reality in giving…

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$300m bio-fuel refinery coming to Nigeria soon

Dec 3, 2013

Plans are underway to establish a bio-fuel refinery worth $300million in Nigeria, the Special Adviser on Private Sector to President Goodluck Jonathan, Prof Chris Boyejo has said. Boyejo, in a statement made available to The Nation, said a Russian firm known as ‘’OOO’’ Bio- Resurs and some Nigerian oil companies are partnering together on the…

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Despite climate fears, world economy runs on fossil fuels

Nov 27, 2013

Statoil Chief Executive Officer Helge Lund said those advocating for a future without fossils fuels are pining for a future economic era that may never come. “We have to live with fossil fuels as the dominant part of the energy mix for decades,” he said during the launch of Statoil’s annual conference. His comments came…

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Envirofit International selected as energy and the environment innovators of the year

Nov 26, 2013

Tim Bauer, Nathan Lorenz and Bryan Willson, founders of Envirofit International, a company that delivers clean-burning cookstove technology to the developing world, have been named this year’s Energy and Environment Innovators by The Economist magazine, based in London. The 10-year-old social enterprise, based in Fort Collins, Colo., was recognized for the global impact of its…

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