LOAN REQUEST FOR RURAL ELECTRIFICATION IN NIGERIA

LOAN REQUEST FOR RURAL ELECTRIFICATION IN NIGERIA

Nigerian Govt to request USD 200 million loan for rural electrification project.

The Nigerian government approves a request to obtain a USD 150 million loan from African Development Bank (AfDB). More so, the loan will feature an additional USD 50 million fund from the Africa Grow Together Fund – a

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PEG AFRICA COMPLETES US$25m SERIES C FUNDING

PEG AFRICA COMPLETES US$25m SERIES C FUNDING

PEG Africa raises US$25 million Series C funding to boosts its off-grid solar expansion in West Africa

A solar company PEG Africa, who provides pay-as-you-go (PAYG) solar services in West Africa; have raised a US$25 million Series C funding. This have now taken its funding total to US$50 million.

PEG

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UGANDA GOVERNMENT TO COMMISSION ISIMBA HYDROPOWER DAM

UGANDA GOVERNMENT TO COMMISSION ISIMBA HYDROPOWER DAM

President Kaguta Museveni will later today commission the Isimba Hydropower Dam

Uganda Government will today commission the Isimba Hydropower Dam project. The 183MW Isimba Hydropower Dam will help address the shortage of power and also increase the nation capacity to 1000MW.

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EGYPT INCREASE ELECTRICITY SUPPLY TO JORDAN

EGYPT INCREASE ELECTRICITY SUPPLY TO JORDAN

Egypt increase gas supply to Jordan for electricity generation to 350m cubic feet per day.

Egypt has increased its gas supply to Jordan to help generate more electricity. The daily supply to Jordan have been increased from the normal 100 m cubic feet per day to 350 m cubic feet …

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ASHAKA CEMENT COMPANY TO LAUNCH 16 MEGA WATT PLANT

ASHAKA CEMENT COMPANY TO LAUNCH 16 MEGA WATT PLANT

Ashaka Cement Company, a subsidiary of Lafarge Africa Plc will soon launch a 16-megawatt power plant in Nigeria. The power plant will help add more megawatts to the national grid.

According to the Managing Director of Ashaka Cement, Rabiu Abdullah Umar, the plant which costs about 11 million naira; will …

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RWANDA SIGNS US$400m METHANE GAS PRODUCTION DEAL

RWANDA SIGNS US$400m METHANE GAS PRODUCTION DEAL

Rwanda signs deal to extract methane gas from Lake Kivu

The Rwanda government have signed a US$400 million deal with Gasmeth Energy Ltd to extract, process, compress and also bottle methane gas from Lake Kivu. The signing of the seven years deal took place on Friday 1st February 2019 but …

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UGANDA RURAL ELECTRIFICATION PROGRAMME GETS US$212m

UGANDA RURAL ELECTRIFICATION PROGRAMME GETS US$212m

Uganda gets US$212 million from Chinese government for Rural Electrification Programme.

The Chinese government have given a US$212 million loan to Uganda to help support its rural electrification programme. Uganda plans to increase its rural electrification access rate to 51 per cent by 2030. Under the rural electrification programme it …

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AfDB : US$ 30m TO CONCLUDE CONNECTIVITY IN KENYA POWER SECTOR.

AfDB : US$ 30m TO CONCLUDE CONNECTIVITY IN KENYA POWER SECTOR.

Kenya Power will see its funding for the Last Mile Connectivity Project doubled by African Development Bank (AfDB).

AfDB gives Kenya US $30m for the first phase and second phase one of the Last Mile project money.  The funds will cover 600,000 Kenyan households connected to electricity with 314,000 targeted …

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POWER TO POWER SUMMIT 2018

POWER TO POWER SUMMIT 2018

POWER TO POWER SUMMIT 2018: INNOVATION AND ENERGY EFFICIENCY

Details of the Power to Power Summit 2018 is as follows:

Date: 5th and 6th July, 2018

Venue: Hotel Presidential Port-Harcourt

Time: 10 a.m daily

The need for organizing this Power to Power Summit is to address the issues affecting energy/power …

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ETHIOPIA INVITE BIDDERS FOR DIDESA POWER PROJECT

ETHIOPIA INVITE BIDDERS FOR DIDESA POWER PROJECT

Ethiopia Electric Power (EEP) invites bidders for 550MW Didesa hydroelectric power project.

Ethiopia Electric Power (EEP) Corp is inviting private project developers for the financing and construction of the 550MW Didesa hydroelectric power project. Selection of the project company will be based on the least bid price and tariff charges …

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NIGERIA TO START ELECTRICITY TRADING WITH NEIGHBOURS

NIGERIA TO START ELECTRICITY TRADING WITH NEIGHBOURS

Nigeria will begin trading electricity with other West African countries by June this year.

The regulatory body for electricity trade in West Africa, ECOWAS Regional Electricity Regulatory Authority (ERERA) in conjunction with West African Power Pool (WAPP) is hoping to launch the regional electricity market by June. Therefore, there will …

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ERONGO RED COMMISSION SUBSTATION AT WALVIS BAY, NAMIBIA

ERONGO RED COMMISSION SUBSTATION AT WALVIS BAY, NAMIBIA

US $40m state of the art substation commissioned in Namibia, that will increase electricity consumption from 60mw to 120mw at a capacity of 11kv.

Erongo Red which is a Namibia regional electricity distributor has commissioned a state of the art substation that will help increase the production and distribution of …

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ITALIAN FIRM TO BUILD 100MW SOLAR FARM IN ETHIOPIA

ITALIAN FIRM TO BUILD 100MW SOLAR FARM IN ETHIOPIA

Ethiopia 100MW Solar farm project to get US$120m from Italian Firm.

An Italian multinational manufacturer and distributor of electricity and gas, Enel Electricity Company whose Enel Green Power unit lead a consortium has been selected as the preferred bidder for a 100 megawatt solar farm in Ethiopia.

The Consortium which …

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NIGERIA APPROVES PAYMENT OF US$ 72M DISCO ELECTRICITY BILL DEBT

NIGERIA APPROVES PAYMENT OF US$ 72M DISCO ELECTRICITY BILL DEBT

Nigeria government approves electricity bill debt payment but the amount not accepted by Disco.

The approval of the payment which is up to US$72million is for power consumed by Ministries, Departments and Agencies (MDAs). The fund which is expected to be paid to the Electricity distribution companies is actually below …

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NIGERIA GOVERNMENT APPROVES US$5.7bn FOR CONSTRUCTION OF 3,050MW ELECTRICITY PROJECT

NIGERIA GOVERNMENT APPROVES  US$5.7bn FOR CONSTRUCTION OF 3,050MW ELECTRICITY PROJECT

President Muhammadu Buhari, approved 5.792 billion dollars (about N1.140trillion) for the construction of the 3,050 megawatts Mambilla Hydro-Power project at Gembu in Taraba.

“Nigeria started talking about it since 1972; that is about 45 years ago. said The Minister of Power, Works and Housing, Mr Babatunde Fashola.

He also said, …

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