|
Tranos, Nigeria’s enclosure manufacturing firm, has collaborated with Toyota Motors to manufacture generators that run on Liquefied Petroleum Gas (LPG) for telecoms companies to power their base stations across Nigeria. The move became necessary to combat the theft of diesel, a common product that is easily stolen, at communication mast sites.
Jude Abalaka, managing director, Tranos, announced this development in Lagos, recently. According to Abalaka, with regards to the security of telecoms equipment at their over 20,000 base stations across the country, Tranos has come up with innovations that will solve the theft challenges… More details through: https://businessday.ng/news/article/tranos-partners-toyota-on-lpg-generators-for-telcos/
0 Comments
The Federal Government through the Nigerian National Petroleum Corporation and the Kingdom of Morocco have pledged to deliver on the gas pipeline bilateral agreement between Nigeria and the North African nation in record time.
The NNPC’s Group Managing Director, Mele Kyari, disclosed this while receiving the Moroccan Ambassador to Nigeria, Moha Ou Ali Tagma, at the NNPC towers in Abuja on Tuesday. Morocco’s King Mohammed VI had in December 2016 visited Nigeria in June 2018; President Muhammadu Buhari reciprocated the gesture and both leaders signed a number of agreements during the state visits… More details through: https://punchng.com/nigeria-morocco-to-deliver-gas-pipeline-in-record-time/ Nigeria and electricity giant Siemens have signed a power deal that will lead to the production of 25,000 megawatts of electricity by 2025.
President Muhammadu Buhari gave the indication at the Presidential Villa on Monday during a meeting with the Siemens’s Global Chief Executive Officer, Mr Joe Kaeser. He asked Siemens, the Transmission Company of Nigeria and the regulator to work hard to achieve 7,000mw and 11,000MW of reliable power supply by 2021 and 2023 in the first and second phases of the deal, respectively… More details through: https://punchng.com/nigeria-siemens-sign-25000mw-six-year-electricity-deal/ Africa’s biggest economy is among the top five countries with the largest cash market of off-grid solar energy with a value of $4.6 million, according to the latest Global Off-Grid Solar Market Report.
From the report by the Global Off-Grid Lightening Association (GOGLA), the global association for the off-grid solar energy industry, Nigeria off-grid solar cash sales increased by 58.6 percent to $4.6 million in 2018, from $2.9 million in 2017, but volume of products sold reduced by 5.3 percent to 204,155 in 2018, from 215,575 in 2017… More details through: https://businessday.ng/energy/power/article/nigerias-solar-energy-market-ranked-in-top-5-globally-report/ Arnergy Solar Limited has secured a $9m Series A funding to provide solar energy solutions to 35,000 businesses within the next 36 months in Nigeria.
The Chief Executive Officer, Arnergy, Mr Femi Adeyemo, while speaking at a press conference in Lagos recently, said the investment was led by Breakthrough Energy Ventures, with participation from the Norwegian Investment Fund for Developing Countries and ElectriFI. More details through: https://punchng.com/arnergy-secures-9m-funding-for-solar-power/ Nigeria sees itself securing oil and gas investments worth $48 billion between 2018 and 2025, which is 25% of a $194 billion surge of capital anticipated to flow into Africa during the eight-year period, according to the state-owned Nigerian National Petroleum Corp.
“The nation’s energy outlook appears very positive even amidst the difficult operating and economic headwinds across the continent,” Maikanti Baru, the outgoing group managing director of the company also known as NNPC, said at an oil and gas conference in the capital, Abuja. “For Nigeria, therefore, oil and gas remain essential building blocks for our economic growth.”… More details through: https://www.bloomberg.com/news/articles/2019-07-02/nigeria-sees-48-billion-energy-investment-flow-through-2025 Nigerian distributed utility company, Arnergy, has raised $9 million in a Series A round of funding led by Breakthrough Energy Ventures with participation from the Norwegian Investment Fund for Developing Countries (Norfund), EDFI, ElectriFI and All On.
The firm noted that the new development would help in achieving its expansion drive. Anergy observed that millions of businesses across Nigeria require 100 per cent reliable and clean energy to maintain seamless operations and profits… More details through: https://guardian.ng/business-services/nigerian-firm-secures-9m-from-norway-to-boost-renewable-energy/ Azuri Technologies plans investing $26 million on production of solar energy in Nigeria, its Chief Executive officer, Simon Bransfield, has said.
He said the firm is investing the money in conjunction with Fortune Global 500 Company Marubeni Corporation, FTSE 250 Company IP Group plc and others, adding that the development would help in improving the growth of solar market in the Nigeria and other countries in West Africa… More details through: https://thenationonlineng.net/firm-to-invest-26m-equity-on-solar The Federal Government on Tuesday officially inaugurated a 10 megawatts power plant at the Nnamdi Azikiwe International Airport, Abuja.
It also inaugurated an Accident Rescue Centre, the NAIA Domestic Terminal D and the Fire and Rescue Station of the General Aviation Terminal. The facilities, some of which had been in use by airport users and passengers, were inaugurated by the Minister of State for Aviation, Hadi Sirika… More details through: https://punchng.com/fg-inaugurates-10mw-power-plant-others-at-abuja-airport/ The African Development Bank Group (AfDB) has approved $200million to boost Nigeria’s electrification project, particularly the off-grid expansion being implemented by the Rural Electrification Agency (REA).
A source in the bank, who did not want his name in print because he was not authorised to speak, said the project is expected to provide electricity to households, medium, small and micro enterprises (MSMEs) and public institutions in a least-cost and timely manner… More details through: https://thenationonlineng.net/afdb-okays-200m-for-nigerias-electrification-project/ |
Categories
All
Archives
August 2019
News Archive from before July 2018
|
RSS Feed