Infrastructure & Capital Projects Latest News Power/Electricity Privatisation & Commerce Revenue

Quest Electricity Will Improve Quality Of Life In North East Zone – Okoh

Director General of the Bureau of Public Enterprises (BPE, Mr. Alex Okoh, has assured that Quest Electricity Nigeria Limited, the new investor in the Yola Electricity Distribution Company(YEDC) is committed to improving the quality of life of the inhabitants in the North East geopolitical zone through aggressive investment drive, thereby providing an economic tool for […]

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Group Sues Ikeja, Eko Discos Over Failure To Cap Customers’ Estimated Billing

A group, the All Electricity Consumers Protection Forum (AECPF), has sued the Ikeja Electricity Distribution Company and the Eko Electricity Distribution Company for failing to implement the order capping estimated billing of some of their customers. The suit dated July 12, 2021 was filed before an Ikeja High Court. According to a news report by […]

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FG Re-affirms Commitment To Completion Of NIPPs’ Sale

The Federal Government has assured prospective power investors that the five National Integrated Power Plants (NIPPs) put up for sale will go on as planned in furtherance of its efforts to boost power supply nationwide The five NIPP plants planned for sale are Benin Generation Company Limited at Ihovba, Edo State, Calabar Generation Company Limited, […]

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Africa Renewable Energy Fund II Achieves €130Mn First Close Target

The Africa Renewable Energy Fund II (AREF II) has achieved its first close at €130 million, following a joint investment of €17.5 million from the Sustainable Energy Fund for Africa (SEFA) and the Climate Technology Fund (CTF) through the African Development Bank (AfDB). AREF II, a successor to the original Fund being managed by Berkeley […]

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FG Reassures Nigerians On Cleaner Electricity

The Minister of State for Power, Prince Goddy Agba, on Friday reassured Nigerians on Federal Government’s commitment to improve power generation and distribution in the country through investments in environmental-friendly power generation technologies nationwide. The Minister, who gave the assurance during the Commissioning of 60kWP Solar Hybrid Mini-Grid Electrification project by Rural Electrification Agency, REA, […]

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Vertiv Launches UPS For Industrial, Other Sectors’ Power Efficiency

Vertiv, a global provider of critical digital infrastructure and continuity solutions on Wednesday introduced the Vertiv Leibert EXMA, a three-phase uninterruptible power supply (UPS) providing double conversion efficiency up to 97%, with capacity to increase to 98.8% with the dynamic online mode. With power supply capacity ranging from 100 to 250kva and a compact and […]

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EFCC Nabs Former Minister Over Suspicious Payments In PHCN

The operatives of the Economic and Financial Crimes Commission (EFCC), at the weekend reportedly arrested a former Minister of State for Power, Mohammed Wakil in Abuja over alleged suspicious payments in Power Holding Company of Nigeria Limited (PHCN). A news report by PRNigeria indicated that the former Minister would be arraigned today in the High […]

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African Energy Chamber’s President Seeks Timely Passage Of PIB

The President of the African Energy Chamber (AEC), NJ Ayuk, on Friday urged the Nigerian Government to fast-track the Legislature’s ongoing deliberations on the Petroleum Industry Bill 2020 and enact it in view of its positive implications for improved investments in the continent’s energy sector. Ayuk, in an opinion article titled ‘Africa needs Pragmatic Free […]

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Chamber Charts Roadmap To Boost Investments In Africa’s Energy Sector

The Investment Committee of the African Energy Chamber (AEC) has concluded its second meeting since inauguration with the members unveiling a new agenda that will facilitate raising billions of US dollar investments for energy projects in Africa. A news report by the African Press Organisation(APO) Group distributed for the AEC indicated that the committee acknowledged […]

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World Bank Approves $500Mn To Enhance Nigeria’s Power Distribution

The World Bank Group has approved $500 million to support the Nigerian government’s efforts targeted at improving its electricity distribution sector. A statement issued by the Breton Woods institution on the financing support, indicated that the project will help boost electricity access by improving the performance of the Electricity Distribution Companies (DISCOs) through a large-scale […]