Friday 18th January 2019
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Renewable Energy

Stakeholders validate reports to de-risk energy sector investment

Validation workshop

Why are debts in the electricity market so high and how can they be resolved through domestic financing using the Power Sector Recovery Programme? Can the Put-Call Option Agreement (PCOA) be US Dollar denominated against the Naira to allay fears of international lenders? What is your opinion on the potential solutions advanced by the consultant and/or what other financial mechanisms ...

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Nigeria targets 30% in renewable energy mix by 2030

Babatunde-Fashola

In a bid to diversify its energy sources and optimise other assets for power production, Nigeria is targeting 30 per cent of its energy needs from renewables by 2030. Mr Babatunde Fashola, the Minister of Works, Power and Housing, made the assertion in a keynote address at the 2018 pre-conference workshop of the Nigerian Association of Petroleum Explorationists (NAPE) in ...

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Government to deploy solar energy systems to 37 universities

Babatunde-Fashola

The Minister of Works, Power and Housing, Mr Babatunde Fashola, on Monday, November 19, 2018 said the Federal Government would deploy solar energy systems to 37 universities in the country. Fashola made this known while delivering the 32nd Convocation Lecture of the Yaba College of Technology (YABATECH), titled: “Sustainability of Technological Advancement-A Key to Industrial Growth’’. He said the solar ...

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Clean energy need to grow faster for Paris goals

China plant

If electricity markets continue to depend on coal-fired power plants – which today account for a third of CO2 emissions – or gas-fired power plants, countries will not be able to meet the long-term climate objectives of the Paris Agreement, the International Energy Agency (IEA) was warned. In a recent World Energy Outlook 2018 report, the IEA examines the impact of ...

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Hydropower dam construction in developing world unsustainable, says report

Hydropower dam

A new research has found that large-scale hydropower dams are unsustainable in the developing world. Hydropower is an important source of energy and makes up more than 70 per cent of all renewable energy globally as of 2016. However, new research, published in the journal Proceedings of the National Academy of Sciences of the United States of America, has found that ...

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Advocacy coalition urges AfDB to commit to 100% renewable future

AfDB Africa Investment Forum

In a bid to have Africa commit to 100% renewable energy and to increase transparency in the continent’s energy sector, Zero – a coalition campaign between climate change volunteers and Non-Profit Organisations (NGOs) around the continent – was launched on Wednesday, November 7, 2018 in Johannesburg, South Africa at the Sandton Convention Centre on the side-lines of the African Development ...

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UN, GEF seek to incorporate energy, resource efficiency in industries

Oluyomi Banjo

In the light of energy and related variables that are posing challenges to industrial development in the country, the United Nations Industrial Development Organisation (UNIDO) has taken up an initiative to address the unsavoury situation. The project, which will effectively commence next year, entails the development of energy management systems as well as resource efficiency and cleaner production for Nigerian ...

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UNIDO, Edo to construct 2mw micro dam in Benin

Godwin-Obaseki

Gov. Godwin Obaseki of Edo State says his administration is working with the United Nations Industrial Development Organisation (UNIDO) to construct a two-megawatt micro dam on Ikpoba River to improve power generation as well as to create jobs in the state. The Special Adviser to the Governor on Media and Communication Strategy, Mr Crusoe Obaseki, said this in Benin City, ...

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N10bn green bond to ‘energise’ education

Solar panels

Minister of State for Environment, Alhaji Ibrahim Jibril, says the Federal Government will spend N10.6 billion Green Bond to execute its Energising Education Programme. Jibril told the News Agency of Nigeria (NAN) in Abuja on Thursday, October 25, 2018 on the sideline of the ministry’s preparation for the 12th National Council on Environment meeting that it would be executed through ...

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Court grants SERAP leave to compel Fashola to account for power expenditure

Babatunde-Fashola

There is prospect Nigerians keen on knowing why the power sector reforms in the country have not yielded any tangible result and why the citizens continue to stay in darkness but still made to pay crazy electricity bills, despite the huge spending on the sector, may soon have some answers, as the Federal High Court in Ikoyi, Lagos on Tuesay, ...

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