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Nigeria will get a grant of more than $1 million from the U.S. government for technical and financial work on a power plant project in the capital Abuja, the U.S. Trade and Development Agency (USTDA) said on Tuesday.
The money will go towards the 1,350 megawatt NNPC-Abuja Independent Power Project plant and NNPC will work with U.S. firms GE and Continuum Associates, the USTDA and NNPC head Mele Kyari said at the Nigeria International Petroleum Summit, reports Reuters… More details through: https://www.newtelegraphng.com/fg-secures-1m-us-grant-to-plan-for-gas-fired-power-plant/
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The Nigerian Electricity Management Services Agency (NEMSA) has entered into a partnership with a German company, ZERA GmbH, to train its engineers and technicians in preparation for the expected upsurge in number of meters as Meter Asset Provider (MAP) licensees take off across the country.
NEMSA Managing Director/Chief Executive Officer, Mr. Peter Ewesor, also the Chief Electrical Inspector of the Federation, said the programme holding in Lagos, is a specialised technical capacity building that would focus on technical standards, installations and meter/instrument operation and repairs… More details through: https://thenationonlineng.net/nemsa-german-firm-partner-on-capacity-development/ Nigeria’s domestic demand for Liquefied Petroleum Gas, LPG, increased from 600,000 metric tonnes, MT, to 840,000MT, indicating an increase of 40 per cent as at December, 2019.
Addressing members at the just concluded Annual General Meeting, AGM, in Lagos, the President, Nigeria Liquefied Petroleum Gas Association, NLPGA, Mr. Nuhu Yakubu, said: “The industry has recorded a quantum leap in number of LPG operators across the entire supply, demand and distribution value chain, occasioned by the Continuous growth that has been recorded year on year, which recent PPPRA report states over 840,000MT as at December 2019. Even at this impressive growth, demand has been largely driven by domestic demand.” … More details through: https://www.vanguardngr.com/2020/01/nigerias-lpg-demand-rises-by-40-to-840000mt/ A Nigerian solar-power company raised $20 million with the support of Ebay founder Pierre Omidyar’s investment firm to power business clusters in Africa’s most populous country.
Rensource received equity financing from a group of investors including Omidyar Network and CRE Venture Capital that will enable it target as many as 20 urban markets within 18 months, Chief Executive Officer Ademola Adesina said in a phone interview from London… More details through: https://www.bloomberg.com/news/articles/2019-12-19/nigeria-solar-company-raises-20-million-led-by-ebay-founder American firm, ZOLA Electric, just established in Nigeria has said it is ready to provide solutions to the power challenge in homes and business premises.
The renewable energy brand that now operates in five African countries including Nigeria opened its Nigerian branch on in Lagos last week. Speaking at the ‘experience centre’, in Ikoyi, the Chief Executive Officer, ZOLA Electric, Bill Lenihan, said that the centre would serve as a retail hub for the business… More details through: https://punchng.com/american-firm-tackles-power-challenge-in-homes-businesses/ The Abuja Chamber of Commerce and Industry (ACCI), on Friday said that Nigeria and Russia would sign a Memorandum of Understanding on production of pre-paid meter to bridge the gap that currently exists in the sector.
President of ACCI, Adetokunbo Kayode said that the agreement would be between Russian electrotechnical company, Energomera and NT Power Nigeria Ltd. Nigeria’s ACCI said that preparations had reached advanced stage to facilitate the signing of business cooperation between both parties. The statement said ACCI president, Adetokunbo noted that the company was interested in investing in pre-paid meters production to bridge the gap that existed in the sector. “In the series of meetings and exchange of communication, we both agreed to sign the MOU to formally form the basis of the business relationship. https://www.vanguardngr.com/2019/11/nigeria-russia-to-sign-business-agreement-on-pre-paid-metres-production/ The Federal Government on Sunday said it had opened discussions with the United Kingdom on the possibility of raising “Jollof Bond’ to finance the national budget.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, also said the $3bn loan request for the expansion of the power transmission and distribution networks in the industry had finally approved by the World Bank. The minister said this while addressing journalists on the outcome of Nigeria’s participation at the annual meetings of the World Bank/International Monetary Fund in Washington DC. https://punchng.com/world-bank-approves-nigerias-3bn-power-sector-loan/ Ikeja Electricity Distribution Company plans to invest N105bn in its network in the next five years; figures released by the Nigerian Electricity Regulatory Commission on Wednesday have shown.
In its draft Performance Improvement Plan submitted to the NERC, it was observed that Ikeja Disco also plans to reduce its Average Technical Commercial and Collection losses to 8.8 percent by 2024. It targets 100 percent metering of all customers by 2022 and the improvement of customer satisfaction to 95 percent by 2024… More details through: https://punchng.com/ikeja-disco-to-invest-n105bn-in-power-network/ The United States Trade and Development Agency (USTDA) is providing funding for three projects that will help to electrify many rural communities and deliver critical gas resources to support economic activity and job growth while helping US companies export goods and services.
The organisation said it has committed funding for a feasibility study to help Xenergi Nigeria Ltd. expand and construct a natural gas gathering and processing plant that will substantially increase access to customers in the Niger Delta region. USTDA also committed funding to help the Abuja Electricity Distribution Company provide electricity to underserved communities through the implementation of up to 1,370 solar-powered minigrids with energy storage systems. USTDA Colorado’s Rocky Mountain Institute will carry out the study… More details through: https://businessday.ng/energy/power/article/this-us-agency-has-funds-for-off-grid-energy-projects-in-nigeria/ The African Development Bank says it has approved a $500,000 grant to support the development of clean energy in Nigeria.
The grant was approved under the AfDB’s Sustainable Energy Fund for Africa, according to a statement issued by the bank on Friday. The AfDB’s Sustainable Energy Fund for Africa is a multi-donor facility established to generate private sector investments in clean energy projects in Africa… More details through: https://punchng.com/afdb-approves-500000-for-clean-energy-in-nigeria/ |
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