Sonnedix sells S. Africa solar biz to BTE Renewables

Global independent power producer (IPP) Sonnedix Power Holdings Ltd. has sold its South African solar business to pan-African peer BTE Renewables, leaving behind a 75-MW solar farm and exiting the market. Both the buyer and the seller announced the transaction, without disclosing the price. BTE took over Sonnedix Solar South Africa, which owns 60% interest […]Read More

Nigeria: National Grid Collapses again

Nigeria’s national electricity grid was said to have collapsed, placing many homes without power supply. Stakeholders announced late Sunday that the collapse occurred just before 7pm. This is the fifth reported collapse in 2022. The Government blames poor management and low gas supply as the major causes of the repeated breakdown. The Jos Electricity Distribution Plc informed […]Read More

Sticky

WTO pushes to reach trade deals with its fate on

The World Trade Organization is facing one of its most dire moments, the culmination of years of slide toward oblivion and ineffectiveness. Now may be a chance to turn the tide and re-emerge as a champion of free and fair trade — or face a future further in doubt. For the first time in 4 1/2 […]Read More

UN elects new council members including Japan, Switzerland

The United Nations (UN) member nations have elected five countries to join the powerful UN Security Council on Thursday with no suspense or drama because all were unopposed — Ecuador, Japan, Malta, Mozambique and Switzerland. Winning a seat on the 15-member Security Council is considered a pinnacle of achievement for many countries because it gives […]Read More

Africa needs $40 billion investment annually for electricity – AfDB

The African Development Bank (AfDB) has said that Africa will require an estimated annual investment of $32 – to $40 billion in the energy value chain to achieve universal access for electricity by the year 2030. This was unveiled in the AfDB’s African Economic Outlook 2022, during the Bank’s Annual Meetings on 9th June 2022 in Accra, […]Read More

NNPC is the most transparent National oil company in the

Malam Mele Kyari, Group Managing Director of the Nigerian National Petroleum Company Ltd. (NNPC), says no national oil company in the world is as transparent as NNPC. Malam Mele Kyari He said this in reaction to the summons by the  House of Representatives Committee on Public Accounts. The committee had directed Heads of NNPC subsidiaries […]Read More

Stabilising Nigeria’s Electricity Grid With CBN’s N103bn Intervention

Nigeria’s electricity supply has in the last few weeks gone through a turbulent time with the national grid collapsing twice in barely 36 hours. This coupled with the inability of power generation companies (GENCOs) to put load on the national grid, inadequate transmission and distribution infrastructures have continued to rob the country of the much-needed […]Read More

$338.7m ECOWAS Off-grid Electricity Project Takes Off in Abuja

TThe Project Management Unit (PMU) for the $338.7 million Regional Off-Grid Electricity Access Project (ROGEAP) has officially commenced activities from the Economic Community of West African States (ECOWAS) Department of Energy and Mines in Abuja. The initiative will provide electricity for households, businesses, and schools in 19 countries across West, North and Central Africa With […]Read More