Increase in global electricity demand and consumption through 2027 expected to average around 4% annually, driven by growing use for industry, air conditioning, electrification and data centres. The world’s global electricity demand is set to rise at its fastest pace in recent years, growing at close to 4% annually through 2027 as power use climbs […]Read More
The electricity transmission system popularly known as the national grid experienced a system outage on Wednesday morning, leaving many Nigerians without electricity. This marks the first grid disturbance in 2025 following a line-tripping incident in January. In 2024, the grid collapsed 12 times. Confirming the development on X, the Abuja Electricity Distribution Company stated: “Dear […]Read More
The Africa Energy Bank (AEB) to be hosted in Nigeria is expected to take off officially by the first quarter of this year, the Minister of State for Petroleum Resources (Oil) said Tuesday. Senator Heineken Lokpobiri made this known while giving a keynote address at the ninth edition of the Sub-Saharan Africa International Petroleum Exhibition […]Read More
The Nigerian government has indicated that electricity tariffs may need to increase by over 65% for some consumers to align with the actual cost of power production. Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, told Bloomberg that power tariffs in Nigeria must rise by approximately two-thirds for many users to reflect the […]Read More
President Bola Tinubu has confirmed the approval of a $1.1 billion fund from the African Development Bank (AfDB) to provide electricity to 5 million Nigerians by the end of 2026. In addition, Tinubu highlighted the AfDB’s $200 million Nigeria Electrification Project. This aims to provide electricity to 500,000 people by the end of 2025. Bayo […]Read More
Juba – South Sudan celebrates its first major renewable energy project, marking a milestone in its transition to sustainable power. The Ezra Group, a leading business conglomerate, announced the successful launch of the 20-Megawatt (MW) solar power plant and the 14-Megawatt (MWh) Battery Energy Storage System (BESS) in South Sudan. Developed and financed in-house by […]Read More
A recent report reveals that the European Union (EU) has achieved a significant milestone in its decarbonisation efforts. For the first time in 2024, solar energy surpassed coal as a primary source of electricity in the EU’s energy mix. Solar power also emerged as the fastest-growing energy source in the region. This development highlights Europe’s […]Read More
MOJEC International Limited, a leading indigenous energy company in Nigeria, reported the deployment of 300,000 electricity meters across the Nigerian Electricity Supply Industry (NESI) in 2024, according to a statement released on Wednesday. The company revealed that its subsidiary, MOJEC Meter Asset Management Company (M3AC), successfully installed over 240,000 of the 300,000 deployed meters. Highlighting […]Read More
Transgrid Enerco Limited has formally acquired a 60% equity stake in Eko Electricity Distribution Company (Eko DisCo) by signing a Share Purchase Agreement (SPA). This landmark transaction is the first market-driven acquisition within Nigeria’s power sector, ushering in a new era for electricity distribution in the country. Transgrid Enerco is a strategic collaboration involving North […]Read More
President Abdel Fattah Al-Sisi of Egypt met on Tuesday with Arsenio Dominguez, Secretary-General of the International Maritime Organization (IMO), to explore enhanced collaboration between Egypt and the IMO. The two leaders reaffirmed their commitment to deepening Egypt’s engagement in the IMO’s key areas of work. Mohamed El-Shenawy, the official spokesperson for the presidency, highlighted that […]Read More
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