Posts Tagged “Power”

PAN AFRICA SOLAR SIGNS NIGERIA’S FIRST U.S.$146 MILLION INVESTMENT

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PAN AFRICA SOLAR SIGNS NIGERIA’S FIRST U.S.$146 MILLION INVESTMENT

In what could be termed utility-scale solar revolution, Pan Africa Solar and the Federal Government of Nigeria have jointly signed Nigeria’s first Solar Power Purchase Agreement (PPA). The 75MW solar photovoltaic power project in Katsina State, a total investment of $146,000,000USD, will sell power for a tariff of 11.5 US cents per kWh and will…

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THE NIGERIA POWER SITUATION: HINDSIGHT, INSIGHT AND FORESIGHT

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THE NIGERIA POWER SITUATION: HINDSIGHT, INSIGHT AND FORESIGHT

There is a wider array of choices for generation (solar, geothermal, wind etc), there are storage options which serve the needs of average Nigerian homes at less cost than the current diesel alternatives, and smaller companies can get into the business of producing electricity for different segments of the market. The change we have to embrace in Nigeria, with an opportunity to even leapfrog countries like the USA in adoption, is inevitable and is as a result of several global trends that are currently playing out.

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WILL NIGERIA BE A WORLD POWER?

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WILL NIGERIA BE A WORLD POWER?

What are the prerequisites of Nigeria to take the leading position in the list of world powers? What will the population of this country be by 2050? Each citizen of the country is interested in destiny of the state. Every person wants his homeland became the best in the world. Therefore, Nigerians often ask a…

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BoI COMMISSIONS 24KW OFF-GRID SOLAR POWER IN KADUNA

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BoI COMMISSIONS 24KW OFF-GRID SOLAR POWER IN KADUNA

By Favour Nnabugwu The Bank of Industry has commissioned a 24kw micro-grid solar system in Charwa/Chakun, an off-grid community in Markafi Local Government Area of Kaduna State. The commissioning of the N32 million stand-alone solar electrification project developed by Arnergy Solar Limited, was the last of the sixth pilot programme executed by the development finance…

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IS STABLE POWER A MATTER OF CASH?

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IS STABLE POWER A MATTER OF CASH?

Last Friday was busy in Lagos for power sector operators. The Central Bank of Nigeria (CBN), the Ministry of Power and other stakeholders in the sector met at the CBN’s Lagos office to discuss how to meet the government’s promise of a stable electricity supply. The promise has remained unfulfilled because of key operators’ cash…

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BOI, KATSINA TO FLOAT N2BN MSMES FUND

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BOI, KATSINA TO FLOAT N2BN MSMES FUND

While expressing the commitment of the bank to support the newly unveiled economic and investment blueprint of the state, Olagunju disclosed that the development finance institution had so far provided loans in excess of N11.4 billion to over 40 micro, small, medium and large enterprises across the state with over 30,000 direct and indirect jobs created.

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RE-ENGINEERING OUR POLITICS

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RE-ENGINEERING OUR POLITICS

The way we treat those who lose elections and concede defeat will go a long way in determining whether losers will accept defeat or make it a do-or-die affair. If losers perceive that the winners are going to use instruments of state power to come after them, it will encourage sit-tightism. This is why some of us have been consistent in arguing that former President Jonathan and indeed others who lost elections should be treated with respect and dignity. This is not incompatible with ‘probing’ any aspect of the tenure of such leaders, if the new regimes must. But care must be taken to ensure that their being called to account for their time in office is not seen as a witch-hunt.

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OGUN, ECN, UNIDO TO GENERATE POWER FROM SAWDUST

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OGUN, ECN, UNIDO TO GENERATE POWER FROM SAWDUST

The Ogun State Government has begun plans to generate electricity from saw dust. Officials say the development is part of government’s contribution towards increasing power output in the country. Commissioner for Forestry, Chief Kolawole Lawal, revealed this during an inspection visit to sawmill sites in Ijebu-Igbo, Ijebu-North Local Government Area of the state. Chief Lawal,…

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