Upcoming elections in oil producing states Nigeria and Libya may add a new twist to a familiar theme for OPEC. The oil exporting group’s strategy has repeatedly been adapted to suit the unpredictable political environment in these two African producers. Both were excluded from the 1.8 million barrels per day production cut deal agreed by…
The Governor of Edo State, Mr. Godwin Obaseki, is finalising investment decisions with partners in China for the development of the Edo Modular Refinery, Benin River Port and the Benin Industrial Park, on the sidelines of the 7th Summit of the Forum on China-Africa Cooperation. The governor is in China, with Nigeria’s President, Muhammadu Buhari,…
Nigeria’s peculiar challenges with inadequate electricity supplies to a good number of its citizens have led investors and operators to develop and adopt resourcefully tailored business models and renewable technologies to drive up access to electricity in the country, chief executive officer of All On, Dr. Wiebe Boer, has disclosed. Boer, said in the African…
Kainji and Jebba hydropower Generation Companies (GenCos), operated by Mainstream Energy Solutions Limited (MESL), have delivered an uninterrupted 24 hour electricity supply to seven firms labelled as ‘Eligible Customers’ with a cumulative 1,162.9 Megawatt Hour (MWH) energy capacity. A daily operational report for energy delivery obtained from the Independent System Operation (ISO) arm of the…
Nigeria is on the verge of a boom in mini power grids that could stimulate rural economies and bring jobs to frustrated youth thinking of leaving, researchers said on Wednesday. Less than half of all Nigerians and only about a third of those living in rural areas have access to electricity, according to the United…
The Off-Grid Energy Access Fund (OGEF) had its first close on Thursday, 2 August 2018 with committed capital of US$ 58 million from the African Development Bank, the Nordic Development Fund, the Global Environment Facility, Calvert Impact Capital and All On. The Fund is part of the Bank’s sponsored Facility for Energy Inclusion (FEI), a…
The Federal University of Agriculture, Abeokuta (FUNAAB) is desirous of undertaking bids exercise for the hydropower project. Bidding will be conducted through the National Competitive Bidding. Interested and eligible bidders may obtain further information from the Procurement Unit, Room A119, Unity Building ‘A’ from 9:00 am to 3:00 pm Mondays to Fridays, except on public…
Exxon Mobil has been looking to buy renewable energy for delivery in Texas, according to people familiar with the matter. The largest U.S. oil company sent out a request for proposals with a June 8 deadline, inviting solar or wind power suppliers to pitch contracts that would last 12, 15 or 20 years, according to…
UK aid will help over 11 million people living off the grid access clean energy British expertise to help small UK and African energy businesses grow Two thirds of sub-Saharan African population has no access to electricity UK aid is supporting the growth of innovative solar technology companies which are providing clean energy to off-grid…
Azuri Technologies was among the UK Prime Minister Theresa May’s business delegation visiting Nigeria.The visit was aimed at strengthening business relations between the two countries. Azuri CEO Simon Bransfield-Garth is among the select group of UK business leaders who are meeting with government officials and trade ambassadors from South Africa, Nigeria and Kenya this week to…
