Ethiopian Energy^Power Business Portal,eepBp

Electricity access remains low in Nigeria, with 80 million people without access, particularly in rural areas. To address this challenge, Nigeria’s Rural Electrification Agency (REA) is implementing the World Bank supported Nigeria Electrification Project (NEP), aiming to scale up investment in mini grid and off-grid solutions.  On April 15th, 2019, the REA launched the mini grid and solar home system components of the NEP.

The mini grid component aims to extend electricity services to 300,000 households and 30,000 enterprises in rural areas by 2023. The component is private sector led and provides viability gap subsidies to mini grid developers under two funding windows. The first window will distribute viability gap subsidies to 250 sites selected by the REA through a minimum subsidy tender to help kick-start the industry at scale. Under the second window, developers can apply for performance-based grants of US$350 per connection for sites of their choice on a rolling basis.

0
0
0
s2smodern
Write comment (0 Comments)

Forum discusses accelerated reforms, greater private sector involvement, and creation of new pipeline of investment-ready projects. Public, private and civil society stakeholders, including government agencies, development partners and investors in the energy sector began a two-day workshop today to discuss the technical, commercial, regulatory and financial issues in Africa’s fast-growing Energy market. The inaugural edition of the Africa Energy Market Place (AEMP) brought together more than 300 participants and featured case studies from five countries - Côte d'Ivoire, Egypt, Ethiopia, Nigeria, and Zambia. Representatives from each country delivered presentations on the accomplishments, investment opportunities, challenges, and the long-term outlook for their respective energy industries.

In his welcome address, African Development Bank President Akinwumi Adesina, underscored the dire situation of Africa’s energy environment. “Africa has a lot of energy potential but potential doesn’t create anything … We cannot continue to accept Africa being referred to as the ‘dark continent’. We need to act speedily to accelerate our plans to light up and power Africa,” Adesina said.

0
0
0
s2smodern
Write comment (0 Comments)

he World Bank, African Development Bank (AfDB), Japan International Cooperation Agency (JICA) and French Development Agency are among some of the multilateral donor agencies that have raised $1.57 billion for the Transmission Company of Nigeria (TCN) to expand Nigeria's electricity grid to 20,000 megawatts (MW) within the next four years, THISDAY learnt Tuesday in Abuja. The funds according to the Managing Director of the TCN, Mr. Usman Mohammed, were raised for the company to implement its Transmission Rehabilitation and Expansion Programme (TREP). 

Mohammed said the TREP was initiated and approved by the federal government for the TCN to steadily grow, stabilise and modernise Nigeria's transmission network so it can take more electricity from generation companies (Gencos) to distribution networks. He disclosed this when the TCN hosted a workshop with stakeholders in the electricity industry to review its plan to procure and install brand new supervisory control and data acquisition (SCADA) and electricity management system (EMS) for the national grid.

0
0
0
s2smodern
Write comment (0 Comments)

(AfDB/News and Events, 29/05/2018

The African Development Bank, the Green Climate Fund (GCF) and the Africa50 investment fund signed a letter of intent to collaborate on the Desert to Power programme on the sidelines of the Bank’s Annual Meetings, Busan, Korea. The Desert to Power programme, initiated by the Bank, aims to develop 10,000 MW of solar energy across the Sahel region. It is intended to provide solar generated electricity to 250 million people, including 90 million through off grid solutions, thereby enabling the development of agriculture and other economic activities. The three institutions agreed that they will share ideas and resources about opportunities to make solar power available throughout the Sahel region, transforming African deserts into new sources of renewable energy.

0
0
0
s2smodern
Write comment (0 Comments)

eepBp tweeter Feed

Advertise your Product Here>>>

eepBp Facebook feed

Join eepBp Community