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A Chinese high-tech company, Clou, and its Nigerian partners, Jumbo Goois Global Services, are set to establish a smart prepaid metering assembly factory in Bayelsa State.
Managing Director and Chief Executive Officer of Jumbo Goois Global Services, Mr. Timipre Ogoibiri, who led the delegation, disclosed this in Government House, Yenagoa, during a presentation to Governor Douye Diri, yesterday. Presenting the company’s plan for the proposed project, the Head of Operations, Dr. Chris Osazuwa, was quoted in a statement to have explained that the specification of the meters were unique and would meet the Nigeria Electricity Regulatory Commission (NERC) standard… More details through: https://www.thisdaylive.com/index.php/2021/09/16/chinese-firm-to-establish-smart-metering-plant-in-bayelsa/
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The Lagos State Government is partnering United States-based International Information Technology and Application Solar (IITA-Solar) to explore opportunities in the $50 billion global solar market providing millions of new jobs and business opportunities. Reports said jobs in the sector reached 11.5 million globally last year.
Speaking in Lagos during the kick off of the global certification on solar technology training for unemployed youths, the Commissioner for Wealth Creation and Employment, Mrs Yetunde Arobieke said that renewable energy has continued to bring socio-economic benefits by creating numerous jobs and business opportunities worldwide, adding the government was ready to build capacities of youths to take advantage of such opportunities, including manufacturing, construction and installation, operation and maintenance, as the economy continues to battle growing electricity deficit. With energy demand expected to grow, the Commissioner said Lagos government would support youth entrepreneurship as well as take steps to leverage local capabilities to harness its renewable potential for industrial development… More details through: https://thenationonlineng.net/lagos-partners-us-firm-to-explore-50b-global-solar-market/ The management of Egbin Power Plc has said it will invest $2 billion in the expansion of its plants in addition to the $1bn it had already invested after the privatisation of the plant in 2013.
The Managing Director, Mr Kola Adesina, disclosed this when the Senate Committee on Privatisation and Commercialisation paid a visit to the plant in Egbin, Lagos. He also said the debt which the Nigeria Bulk Electricity Trading PLC (NBET) owes the plant has reached N388bn… More details through: https://dailytrust.com/egbin-power-plans-2bn-investment-plan The federal government and Russia’s State Nuclear Energy Corporation have pledged to work together for the development of nuclear energy for peaceful developmental purposes.
The Secretary to the Government of the Federation (SFG), Mr Boss Mustapha, who received a Russian delegation on Tuesday in Abuja, said, “And to say that Nigeria is indeed delighted to be a strategic partner of the Russian Federation in this very important area of the peaceful application of nuclear science and technology. “Within the framework of this partnership, Nigeria (through the Nigeria Atomic Energy Commission – NAEC) and the Russian Federation (through Russia’s Nuclear Energy Corporation) have both signed three Intergovernmental Agreements (IGAs)… More details through: https://dailytrust.com/nigeria-russia-partner-to-develop-nuclear-energy There are over 22 million petrol generators in the country powering about 26 per cent of households and 30 per cent of Micro, Small and Medium Enterprises (MSMEs), aWorld Bank has said. The report further said the net capacity of these generators is eight times more than the national grid.
The report entitled: ‘Resilience through reforms’, the World Bank noted that due to unreliable and insufficient electricity supply, businesses and wealthy homes depend mostly on generating sets. These challenges, the World Bank noted, is due to substandard infrastructure, which have become extremely urgent to improve and expand the power network, if quality supply of electricity is to be attained. The report, released on June 16, under the Power Sector Recovery Programme to kick off the new Nigeria Development Update (NDU), also identified operational inefficiencies in the system as the cause of the massive financial as well as economic losses. For instance, the body observed that yearly, the country’s economy loses between N7 trillion and N10 trillion to epileptic power supply, notwithstanding the various interventions of the government for efficiency in the sector… More details through: https://thenationonlineng.net/generators-capacity-dwarfs-national-grid/ Transcorp Energy Ltd, a unit of Transnational Corp. of Nigeria Plc plans to develop nuclear power plants in the West African nation as an alternative energy source to improve access to electricity.
The plants will offer a “less expensive and less complicated solution” for stable and reliable power generation in the country, using so-called OPEN100 model technology, the company said in an emailed statement Thursday. Just over 55% of Africa’s largest economy’s population has access to electricity, according to World Bank data… More details through: https://www.bloomberg.com/news/articles/2021-07-01/transcorp-energy-plans-nigeria-s-first-nuclear-power-plants TotalEnergies has announced plans to spend $60 billion in renewable projects across countries where it operates, including Nigeria.
Executive General Manager, Total Country Services, Mrs. Bunmi Popoola-Mordi, disclosed this at a virtual media parley on the company’s name change held in Lagos yesterday. Recall that the Chairman and Chief Executive Officer of TotalEnergies, Patrick Pouyanne, had in May, said the company’s ambition is to be world-class player in the energy transition, saying that remained why Total is transforming and becoming TotalEnergies… More details through: https://www.sunnewsonline.com/nigeria-others-to-benefit-from-totalenergies-60bn-renewable-projects/ Nigeria’s Egbin Power Plc, the biggest in Africa’s most populous nation, plans to raise $1.8 billion to more than double generation capacity as it seeks to boost output and export electricity to West African countries.
It is looking at a combination of debt and equity to meet the funding requirements ahead of the start of construction work in the second quarter of next year, according to the company. “The plan is to raise the fund to be available to kick off,” it said in an email, without giving more details as the funding arrangements are being firmed up. Egbin Power Plc, owned by Sahara Group, plans to build the second phase of its 1,320-megawatt power plant by installing “high efficiency gas combined cycle power plants,” that will produce an additional 1,754 megawatts electricity… More details through: https://www.bloomberg.com/news/articles/2021-06-18/nigeria-s-biggest-power-firm-seeks-1-8-billion-to-expand-output In a move seen at deepening market share of alternative energy in Nigeria, leading solar panel and inverter solutions manufacturer, two key component of renewable energy technology recently rewarded customers with complete hybrid inverter system. Carlos Lobo, national sales manager, PSC Solar (UK), said Nigeria is privilege because it has the best Sun for easy solar energy transfer…
More details through: https://businessday.ng/companies/article/psc-solar-uk-move-to-deepen-market-share-of-alternative-energy-in-nigeria/ Zagus Power Systems Limited, a Nigeria-based power solutions provider has introduced Zektron, a Turkish manufactured brand of automatic voltage regulators, smart Uninterrupted Power Supply and renewable energy systems to provide power solutions geared toward eliminating the gap of epileptic power situation in the Nigerian market….
More details through: https://punchng.com/turkish-firm-zagus-partner-to-introduce-power-solutions/ |
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