Result based financing to drive mini-grid growth in Africa

Bukola OdufadeAugust 20, 2018

Mini-grids

African Development Bank (AfDB) in an attempt to drive the growth of mini-grids is developing a continent wide results based financing (RBF) facility, African Mini-grid Developers Association (AMDA) has said. Results based financing (RBF) is not a relatively new type of financing but is now considered as highly effective. A key feature of the financing […]

Nigeria’s privatisation agency assures House committee on PSRP capacity to tackle liquidity issues in power sector

Businessam StaffJuly 18, 2018

Nigeria's Privatisation Agency

Nigeria’s privatization agency, the Bureau of Public Enterprises (BPE) has assured the House of Representatives’ committee on Privatisation and Commercialisation on the capacity of the Power Sector Recovery Programme (PSRP) to tackle the lingering liquidity issues in the power sector. “PSRP is robust enough to ensure viability of the power sector and manage the liquidity […]

Nigeria agrees with Russia on first nuclear energy plant by mid 2020s

Businessam StaffMay 18, 2018

Simon Pesco Mallam, the president, chairman and chief executive officer of the Nigeria Atomic Energy Commission (Nigatom), said the country will get its first nuclear energy plant by the mid 2020s. The chairman made the disclosure at the just-concluded 2018 AtomExpo in Sochi, Russia. Mallam said, according to media report seen by businessa.m, that “We […]

Electricity going mini-grid in Africa

Bukola OdufadeApril 16, 2018

Mini-grids

A revolutionary way of powering Africa is beginning to emerge as the continent appears focused on fulfilling its energy demand through cost-effective means. Mini and off-grid electrification of rural areas is changing the way Africans are accessing electricity. These solutions are gaining traction as the region, which used to have visions of huge centralized fossil […]

Waste to power: Gas still economic, environmental menace

Bukola OdufadeMarch 19, 2018

Nigeria’s 2020 goal of achieving zero gas flaring appears to have gone up in flames. The Trans-Saharan Gas Pipeline Project (TSGP), upon which the country hoped to turn this goal into reality is seriously running behind schedule. It had earlier been due for completion this year. A number of factors are responsible for what now […]

Nigeria’s power distribution networks lack capacity to distribute 2000mw – Fashola

Businessam StaffJanuary 8, 2018

Nigeria’s power distribution network lacks the capacity to distribute about 2000 megawatts of power despite appreciable strides in improving generation, according to Babatunde Fashola, minister of power, works, and housing. Fashola who spoke Monday, January 8, 2018, at the 23rd monthly power sector operators meeting in Lafia, Nasarawa State, said generated power has gone up […]

Nigeria loses more than 3,000 megawatts power output after pipeline fire

Businessam StaffJanuary 3, 2018

A fire at a Nigerian pipeline interrupted gas supplies to companies generating more than 3,000 megawatts in Africa’s most populous nation, the government said. The fire at the Escravos-Lagos pipeline owned by the Nigerian National Petroleum Corp. in the southern Edo state required a shutdown of the pipeline supplying gas to the 1,320-megawatt Egbin power […]

Nigeria’s FG set to increase power generation to 20,000 MW, minister says

Businessam StaffOctober 28, 2017

Nigeria’s federal government said Friday that its plan to generate 20, 000 megawatts of electricity over the next four years was on course. Mustapha Shehuri, the country’s minister of state for power gave the assurance in Funtua, Katsina State when he inaugurated a 132/33 KV transformer that would boost power supply to local governments in […]