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Africa must invest $25bn to provide power to 600 m people
Governments of African countries, especially those in the sub-Saharan part f the continent, are faced with the challenge of sourcing princely $25 billion or N12.5 trillion for investments in connecting some 600 million people to electric power supply infrastructure. The…
NERC vows improved power supply from July 1
Sopuruchi Onwuka Homes and businesses in the country will begin get energy cost relief by next month when the Nigerian Electricity Regulatory Commission (NERC) has determined for total reset of the commercial relay designed to guarantee steady supply of electricity…
NGSA declares discovery of high grade lithium in Kwara
Kwara State in the western North Central Zone of the country is now in the line to succeed Niger Delta as the country’s foreign exchange income base following the discovery of large deposits of lithium. The Oracle Today reports that…
Oando, LAMATA strike deal to pioneer EV mass transit in Nigeria
Sopuruchi Onwuka Indigenous energy company, Oando, has committed to pioneering mass roll out of electric busses and supporting infrastructure to facilitate Nigeria’s first emission free public transport system. A unit of the company, Oando Clean Energy Limited (OCEL), signed a…
Helios partners Sojitz in propelling Axxela
Sopuruchi Onwuka Leading indigenous natural gas provider, Axxela Limited has earned an international partnership deal capable of utilizing imported capital to spread out larger gas supply facilities in Nigeria and West Africa. The company stated that the partnership agreement between…
FG recovering power infrastructure from obsolescence __NERC
Sopuruchi Onwuka Federal government is working to recover the nation’s electric power infrastructure from prevailing obsolescence, sinking trillions of Naira in revamping and expanding transmission and distribution network in delivering improved electricity supply to homes and businesses in the country….
NERC lays commercial incentives for power supply improvement
Assures sustainable market for meter producers Sopuruchi Onwuka Federal government has declared plans for sustainable capacity growth in the nation’s electric power sector through performance based incentives for players, especially the distribution companies that would stake significant investments in advancing…
Renewvia feeds 10,000 people with renewable electricity
Renewvia Solar Nigeria Limited, a subsidiary of Renewvia Energy Corporation, has declared that it has connected nearly 2,000 households in five Niger Delta communities to solar-powered rural electrification minigrids, serving over 6,000 people. The company added that it has also…
Energy Transition: $36.3 bn investments drive global hydropower to 1200 GW
Sopuruchi Onwuka The global hydropower generation is to hit significant 1,200 gigawatts (GW) for the first time by the end of 2022 when investments in the industry is also expected to reach monumental $36.3 billion, as countries increasingly explore suitable…
Net Zero climate targets to cost $276 trn
Sopuruchi Onwuka Reaching the climate redemption targets set by the world governments and institutions would task the global economy with significant $276 trillion between 2020 and 2030. The huge figure translates to annual cost of e $9.2 trillion in cumulative…
