Alternative Energy

Nigerian senators reject bill seeking to phase out petrol cars by 2035

Apr 20, 2019

Nigerian senators on Wednesday rejected a bill aiming to phase out petrol vehicles and introduce electric cars in the country in 2035. The bill, first read on April 10, was not considered for a second reading by the lawmakers. In his lead debate, sponsor of the bill, Ben Murray-Bruce, said the move would serve two…

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UNDP, Sahara Group partner on sustainable energy development goals in Africa

Apr 18, 2019

The Sahara Group, an international energy and infrastructure conglomerate and the United Nations Development Programme (UNDP) are joining forces  to promote reliable access to affordable and sustainable energy, and to mainstream the Sustainable Development Goals (SDGs)  in the private sector with a specific focus on SDG 7 (affordable energy). The partnership was formalised recently in New York…

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REA says “energizing economies” site suffers fire outbreak in Iponri market

Apr 17, 2019

The Rural Electrification Agency (REA) wishes to inform the public that a fire occurred at Iponri Market, Lagos State, on April 15th, 2019 at around 7:00 pm.  Regrettably, about 17 shops were affected by the fire but thankfully there was no loss of life. The REA commiserates with the shop owners affected by the incident…

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Netherlands to help 50m Nigerians gain access to reliable power by 2030

Apr 17, 2019

The government of the Netherlands has said that over 120 million people in Nigeria do not have access to reliable and affordable power supply. Embassy of the Netherlands in Nigeria, on its social media handle, said the government of Netherlands through its sustainable development goals was working to promote access to sustainable energy for 50…

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CBN offers N7bn lifeline as lenders shun mini-grid power financing

Apr 16, 2019

The Central Bank of Nigeria (CBN) has offered N7 billion loan facility for the mini-grid power sub-sector, which has been plagued by dearth of investment. The mini grid sector, a small, privately-owned and operated system with generation of up to 10 megawatts (MW) capacity and a network that distributes power to several customers, is a…

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Microfinance bank signs MoU with solar firm for provision of solar energy to SMEs

Apr 15, 2019

Bishopgate Microfinance Bank Limited says it has signed a Memorandum of Understanding with Solar Affairs with the aim of financing solar renewable energy for SMEs. In a statement, the firm said the purpose of the agreement was to provide renewable energy through solar installations to power Small and Medium Enterprises across Nigeria. The Managing Director,…

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Nigeria invests N15bn on geo-science data bank for mining sector

Apr 13, 2019

In a bid to curb the decline of investment in the mineral sector and generate foreign exchange, substitute for import and develop local industry to create job and wealth, the Government is investing N15 billion to upgrade geo-science data bank that will place the country in the world mining map. Minister of State for Mines…

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AECF launches £16m competition to fund solar businesses in Nigeria, others

Apr 12, 2019

The Africa Enterprise Challenge Fund (AECF) in partnership with United Kingdom Government has launched the Household Solar Round 2 competition worth £ 16 million. The competition seeks to accelerate access to transformative solar home systems to the rural poor households in Ethiopia, Somalia, Ghana, Nigeria, and Senegal. 1 in 7 people live in energy poverty…

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ENI begins wave power energy generation at the Ravenna offshore site

Apr 11, 2019

Eni has successfully installed and activated the Inertial Sea Wave Energy Converter (ISWEC) production unit, capable of converting energy generated by waves into electricity and adapting to different sea conditions, so as to guarantee a high continuity in energy production. The pilot plant was installed at the Ravenna offshore site by Eni’s Central Northern District and has been…

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Ondo govt, firms launch 2 new solar grids in Akure

Apr 8, 2019

Ondo state governor, Oluwarotimi Akeredolu on Saturday inaugurated the 85kw Igbatoro Onigari solar mini-grid power project in Akure North. He also launched the pilot of a scalable 45kw cabin-type mini-grid power project in Gbagira town in Ilaje local government area of Ondo State. Represented by the Special Adviser to the Governor of Ondo State on…

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