With the global energy crisis as a catalyst, solar PV and wind are set to lead the largest annual increase in new renewable capacity ever, a new report by the International Energy Agency has shown. Global additions of renewable power capacity are expected to jump by a third this year Read More
Goddy Jedy-Agba, minister of state for power has called for reforms in the Rural Electrification Agency (REA), urging the Federal Government to support the agency because of its enormous potential. According to the minister, the REA has performed well, having impacted several rural communities in all six geo-political zones. Jedy-Agba, Read More
The federal government led by Muhammadu Buhari has completed the Zungeru hydropower project. This is according to Federal Minister of Power, Abubakar Aliyu. The minister, who shared information via his Twitter account said the project is complete and ready to increase the country’s power capacity by supplying power to Read More
Nigeria needs to urgently fix its natural gas supply constraints, according to Agusto & Co in a recent research note. The Pan-African Credit Rating Agency said that 25 of the country’s 29 generating companies (GenCos) are natural gas-powered, which makes it important for stakeholders to fix problems. Over the years, Nigeria Read More
The Senate Committee on power and the federal ministry of power have agreed on the concession of the 700 Megawatts Zungeru Hydroelectric Power project. Addressing the senate committee on power chaired by Gabriel Suswam in Abuja, Abubakar Aliyu, minister of power, pointed out that the Zungeru Hydroelectric dam was financed jointly Read More
President Muhammadu Buhari has cited the Zungeru Hydropower Project, the Siemens power project, and the mass metering program as examples of his accomplishments in the Nigerian power sector. According to a new factsheet from the State House focusing on Buhari’s accomplishments since taking office in 2015, the president has accomplished Read More
The Nigeria Electricity Regulatory Commission (NERC), says it will soon provide four million prepaid meters to electricity consumers in the country. Aisha Mahmud, NERC Commissioner in charge of Consumers Affairs, disclosed this at the Customers’ Complaints Resolution Meeting Organised on Tuesday in Jos. Mahmud, who described the shortage of meters Read More
The G7 leaders have expressed concern over global renewable power deployment rates, citing the latest findings from IRENA’s World Energy Transitions Outlook Preview 2023. The report warns that there is a need for a fundamental course correction in the energy transition to keep the 1.5°C target within reach. Targets in Read More
The Federal oil and gas firms operating onshore for flaring 24 standard cubic feet of gas valued at about N40 billion ($86 million) between January and February 2023 on efforts to curb gas flaring. In a new report by the National Oil Spill Detection and Response Agency, the FG said that companies operating Read More
The global wind energy market will pass the one terawatt (TW) threshold for installed capacity by the end of 2023, according to the latest market outlook from Wood Mackenzie. “After needing more than 40 years to reach one TW of installations, the wind industry will reach the next TW of installations within Read More
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