The Rural Electrification Agency (REA) has launched a control room centre located at its headquarters in Abuja to ensure effective monitoring of mini-grids power facilities that are note connected to the national electricity grid. The agency’s initiative aligns with the introduction of new Energy Management System (EMS) policy to effectively monitor smaller electricity systems called […]
The Executive Vice Chairman/CEO of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Halilu and the Managing Director/CEO of the Rural Electrification Agency (REA), Mr. Ahmad Salihijo Ahmad have agreed to work together to deploy NASENI solar resources and other renewable energy technologies to increase electricity supply to Nigeria’s rural areas. The […]
The African Development Bank (AfDB) has expressed its readiness to support the Nigerian government’s ongoing power reforms through technical advisory and other areas in order to boost power generation, transmission and distribution in the country. The development finance institution made the pledge during a meeting with the Nigerian delegation, led by the Minister of Power, […]
The International Energy Agency (IEA) has disclosed that Africa’s bond market total is still less than $1 trillion, which is just less than 1% of the global total. The agency, in its just released September 2023 report on energy financing in Africa, noted that the bond market on the continent was still in its growth […]
Nigeria’s Vice President, Prof. Yemi Osinbajo, on Tuesday commissioned the Afam 3 Fast Power 240-megawatt (MW) turbine plant in Port Harcourt, Rivers State, as part of sustained efforts by the Federal Government to boost power generation and supply in the country. The Afam 3 power project, which was executed in collaboration with General Electric (GE) […]
The Rural Electrification Agency (REA) on Tuesday disclosed that it had so far signed 267 agreements worth about $395 million to provide electricity to un-served and under-served consumers under the Nigeria Electrification Programme (NEP) nationwide. The agency’s Managing Director, Engr. Salihijo Ahmad, who gave this hint in Abuja during an interactive chat with journalists, explained […]
The Federal Government said it had concluded arrangements to embark on design and construction of captive hybrid power plants across a total of 15 universities and two Teaching Hospitals in the country. The Managing Director of Rural Electrification Agency, REA, Ahmad Salihijo Ahmad, who disclosed this while speaking at the commissioning of the solar hybrid […]
Despite concerns by some analysts and the International Monetary Fund (IMF) about Nigeria’s rising debt stock, the Federal Executive Council (FEC) has approved another $247.3 million foreign loan for infrastructure development. Nigeria’s domestic and foreign debt had jumped from N12.12 trillion in 2015 to N24.38 trillion in 2018. Giving a breakdown of the loan based […]
The Federal Government has said that more than 200,000 Micro Small and Medium Enterprises, (MSMEs) will benefit from its Energizing Economies Initiative being implemented by the Rural Electrification Agency(REA). This is even as the initiative is expected to create over 2,500 jobs and reduce carbon emissions by 25,000 metric tonnes annually. The agency’s Director of Promotions, Ayang […]
New research findings have indicated that current efforts by the Federal Government and private investors to develop the nation’s off-grid power alternatives will create a $9.2 billion market opportunity for mini-grids and solar home systems on yearly basis. This was part of the major findings contained in report of an independent research of the Nigerian […]