Alternative Energy

FG endorses N11bn Jebba hydropower plant turbine rehab project

Feb 19, 2020

The Minister of State, Power, Mr Goddy Jeddy-Agba yesterday disclosed that the Federal Government has endorsed a $32 million turbine (N11.62 billion) rehabilitation project by Mainstream Energy Solutions Limited (MESL) at its Jebba hydropower plant in Niger State. The minister, who made the disclosure when he received a delegation from MESL, operators of the Kainji…

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Edo govt begins phase two of hydropower project

Feb 19, 2020

The Edo State Government in partnership with the United Nations Industrial Development Organisation has concluded plans to begin the second phase of the hydropower project. The Edo State Commissioner for Energy, Mr Akin Agbaje, made this known in a chat with journalists in Benin City, a statement issued by the government on Tuesday said. Agbaje…

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FG gets legal approval for resumption of work on 3050MW Mambilla hydropower plant

Feb 19, 2020

Nigeria has gotten an approval from the International Court of Arbitration to resume works on its 3050 megawatts (MW) capacity Mambilla hydro power plant, the federal government has said. According to a statement from the ministry of power, a lawsuit filed at the International Court of Arbitration against the execution of the project which could…

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Big oil traders begin investing in renewable energy

Feb 17, 2020

The world’s big oil trading firms are investing heavily in environmentally-friendly projects as they face increasing pressure from investors, governments, activists and financiers to find a sustainable business model. Vitol said last year 80% of its revenues came from oil and refined products. For Gunvor and Trafigura, their traded oil volume was around 70% each.…

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FG issues license to firm for Gurara hydro-power plant station

Feb 14, 2020

The Federal Government has presented Water Use License to North South Gurara Power Company Limited for the 30MW Gurara Hydro-power Plant Station in Gurara, Kaduna State, to efficiently meet the high demands of water for domestic, agriculture, industry and other uses. Engr. Suleiman Adamu, Minister of Water Resources, made the presentation in Abuja, explained that…

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Luminous launches innovative solar tall tubular batteries into Nigerian market

Feb 14, 2020

Simba Group, distributors of Luminous power back up solutions including inverters, batteries and solar powered systems, have unveiled a ‘first of its kind’ Luminous Solar Tall Tubular battery into the Nigerian market. The battery which is optimised for solar applications is made with patented technologies to offer fast charging and long power- backup. Mr Ravi…

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Access Bank set to list N15bn green bond on the Luxembourg Stock Exchange

Feb 13, 2020

Capital market stakeholders have said the planned listing of Access Bank’s N15 billion Green Bond on the Luxembourg Stock Exchange (LuxSE) will create visibility for issuers as well attract foreign green capital needed to fund sustainable projects in Nigeria. The Access Bank’s green bond with 15.50 per cent fixed rate and five-year tenure, has already…

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Daystar receives $4m funding to expand solar energy to Nigerian businesses

Feb 11, 2020

Nigerian solar developer, Daystar Power has raised $4 million from SundFunder, a solar finance company to bring solar power and energy efficiency solutions for Nigerian businesses. According to the solar company, the funds will be used to provide power at a reduced cost for businesses in the commercial, industrial, and agricultural sectors in the country.…

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USTDA team meets with Rural Electrification Agency officials

Feb 11, 2020

Today, a Team from the United States Trade & Development Agency (USTDA) visited the Rural Electrification Agency (REA) to discuss the impact of mini grid in remote areas & the nexus between renewable energy & agriculture. The USTDA Acting Director, Thomas Hardy commended the REA role in driving micro grid development in Nigeria and how…

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FG inaugurates Mambilla power project implementation committee

Feb 11, 2020

The Federal Government on Monday inaugurated a Project Delivery Committee for the implementation of the 3,050MW Mambilla Hydroelectric Power Project. Minister of Power, Saleh Mamman, who also inaugurated an Inter-Ministerial Steering Committee on the project, said the Federal Government was collaborating with Taraba State Government to ensure the success of the scheme. He explained that…

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