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Manufacturers in Nigeria can reduce their energy cost by about 40 per cent if they key into a new €70 million renewable energy and energy efficiency facility backed by the French Development Agency (AFD) and European Union Infrastructure Trust Fund…
The Nigerian Electricity Regulatory Commission (NERC) says it is working on ways to monitor the quality of service of power supplied to customers.
The NERC's Commissioner, Finance and Management Services, Nathan Shatti, stated this at the…
The Nigerian National Petroleum Corporation (NNPC) has disclosed that between July 2019 and July 2020, Nigeria flared more gas than it supplied to its domestic industries, averaging about 600.38 million standard feet per day (mmscf/d).
In its July…
Solar home systems provider Greenlight Planet has just secured $90 million to accelerate the distribution of its solar home systems in Africa. The funds were obtained as part of a financial mobilization involving several financial institutions…
Spanish electrician Elecnor slams the door on the Boulenouar wind power project. This withdrawal benefits the German company Siemens, with whom it formed a consortium with Siemens Gamesa Renewable Energy, a wind energy specialist based in Zamudio,…
Rwanda’s quest to avail affordable energy to the population got a boost this week following, the approval by the World Bank Group of $150m (approximately Rwf142bn) to finance energy access for households, enterprises and public institutions in…
The independent power producer (IPP) ib vogt has just sold its shares in the 64.1 MWp "Infinity 50" photovoltaic solar power plant in the Benban complex in Egypt. Its shares were bought by the Emirati IPP Masdar, which wants to increase its assets…
A power purchase agreement (PPA) has just been signed between the Tunisian Electricity and Gas Company (Steg) and the consortium developing the 10 MWp Gabès photovoltaic solar project. It is formed by the French Independent Power Producer (IPP) Akuo…
The European Investment Bank (EIB) has approved $14,9billion of new financing for post-pandemic recovery projects around the world.
The new financing includes more than $3.67 billion of COVID-19 related investment to strengthen public services,…