Alternative Energy

FG ramps up efforts on off-grid rural electrification programme

Jul 8, 2014

The federal government has said that its recent initiative aimed at providing off-grid electricity supply to rural communities across the country will soon go into the next implementation phase. Minister of Power, Prof. Chinedu Nebo who spoke through his special assistant on renewable energy, Dr. Albert Okorogu recently in Abuja, stated that the next phase…

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FG, International Atomic Energy Council partner on nuclear energy

Jul 7, 2014

The Minister of Power, Chinedu Nebo (Prof) has assured the visiting delegation of the International Atomic Energy Council led by its Deputy Director-General, Kwanu Aning that in no distant future, Nigeria in its quest for a robust energy mix will look into the direction of nuclear energy. Chinedu Nebo said that it is no longer…

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FG, indigenous investors to electrify rural areas; looks to renewable sources of energy

Jul 4, 2014

The Federal Government on Thursday announced that it was in partnership with local investors to provide electricity for rural communities in the country. It said the partnership was part of the Operation Light-up Rural Nigeria initiative introduced by the Federal Ministry of Power and inaugurated in three Abuja communities some months back. The Minister of…

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Stanbic IBTC secures facility for SME, renewable energy financing

Jul 3, 2014

Stanbic IBTC Bank  said it has received a $100 million Line of Credit (LOC) from the African Development Bank (AfDB) for on-lending to small and medium scale enterprises (SMEs) operating in various sectors in the Nigerian economy. Part of the fund would also be applied to the financing of renewable energy and energy efficiency projects…

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The Need For Renewable And Alternative Energy To Ensure Stable Power Supply In Nigeria

Jul 1, 2014

Nigeria’s inability to achieve stable power supply over the last few decades is a stark pointer to the fact that its over-reliance on gas and to a lesser extent, hydro electric power sources alone need to reviewed. Though gas, due to its abundance in Nigeria, appears to be the most cost-efficient and effective means of…

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Work set to commence on 3, 050mw Mambilla hydro dam — Sambo

Jun 26, 2014

The Vice-President, Arc. Namadi Sambo, has disclosed that work will soon commence on the 3,050 megawatts Mambilla Hydro Dam in Taraba State. Arc. Sambo who spoke in Kaduna State explained that all designs of the major hydro project have been completed and as soon as other logistics are in place, work will resume at the…

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Nican Power to invest N1.4trn in renewable energy for rural electrification

Jun 24, 2014

As part of efforts to support the federal government’s ongoing reforms at delivering reliable electricity to Nigerians, an indigenous energy firm, Nican Power, has said it has concluded plans to invest $8 billion, about N1.4 trillion, in the sector. The investment, according to the company’s chief operating officer, Engr. George Njoku, while speaking exclusively to…

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FG plans renewable energy for rural areas

Jun 24, 2014

The Federal Government has disclosed that accelerated rural electrification will henceforth be driven by renewable energy because of its sustainability and environmental friendliness. The Minister of State for Power, Mr. Mohammed Wakil, made this disclosure at the opening of the meeting of the Board of Directors of the Rural Electrification Agency, REA, in Abuja. He…

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Non-performing coal licences to be revoked, says FG

Jun 20, 2014

The federal government yesterday sternly warned that it would revoke non-performing coal licences. The National Council on Privatisation held a meeting with Vice President Namadi Sambo at the Presidential Villa, where the warning was issued to those holding coal blocks. Those at the meeting were Minister of Mines and Steel Development, Muhammed Sada; Minister of…

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Coal’s share of world energy demand highest since 1970

Jun 19, 2014

Coal dominated world energy markets last year by supplying the biggest share of demand since 1970, making it the fastest growing fossil fuel, according to an annual review by BP plc. Consumption grew 3 percent last year, driven by coal use in developing nations, according to a statement from Europe’s third-largest oil company. Use of…

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