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Enugu, Ekiti, Ondo, Imo to Begin Electricity Generation, Transmission, Distribution

Enugu, Ekiti, Ondo, Imo to Begin Electricity Generation, Transmission, Distribution

January 14, 2025

The Nigerian Electricity Regulatory Commission (NERC) has confirmed that four state governments—Enugu, Ekiti, Ondo, and Imo—are now set to assume control of electricity generation, transmission, and distribution within their respective states. This follows the ongoing transfer of regulatory authority from NERC to state-level regulators. In an announcement shared on the social media platform X, NERC […]Read More

Just Energy Transition in Africa: Lessons from S/Africa and Senegal

Just Energy Transition in Africa: Lessons from S/Africa and Senegal

January 14, 2025

Coal continues to dominate South Africa’s energy portfolio, at over 80% of the country’s power generation mix JOHANNESBURG, South Africa – Just Energy Transition Partnerships (JETP) have been introduced in recent years to provide financial support to developing nations as they transition away from fossil fuels. In 2021, during the 26th UN Climate Change Conference of […]Read More

Breaking: Sanwo-Olu Signs Lagos Electricity Bill Into Law To Boost Power Supply

Breaking: Sanwo-Olu Signs Lagos Electricity Bill Into Law To Boost

December 3, 2024

Lagos State Governor Babajide Sanwo-Olu has officially signed the Lagos Electricity Bill 2024 into law. This legislation represents a significant step towards the state government’s objective of delivering a 24-hour electricity supply across Lagos, marking a major advancement in its power sector reforms. The bill follows the 2023 decision by the Federal Government to grant […]Read More

Senegal Set to Commit $2.7bn to Green Energy if Ruling Party Wins Elections

Senegal Set to Commit $2.7bn to Green Energy if Ruling

November 12, 2024

Senegal is on the verge of committing $2.7 billion to its international programme aimed at reducing emissions and cutting reliance on fossil fuels, contingent on the ruling party’s success in this weekend’s parliamentary elections. “If Prime Minister Sonko’s party wins a majority, an announcement could come quickly after the election,” said Remy Rioux, CEO of […]Read More

Adelabu Attributes Northern Power Outages to Sabotage, Promises Restoration in Three Days

Adelabu Attributes Northern Power Outages to Sabotage, Promises Restoration in

October 30, 2024

Nigeria’s Power Minister, Adebayo Adelabu, has disclosed that the severe power outages across northern states are due to attacks and threats from bandits and terrorists targeting the ministry’s infrastructure, causing widespread disruption to the electricity supply. The Minister clarified that these outages were not due to a grid collapse but resulted from external disturbances. On […]Read More

Hexing Livoltek Opens Facility in Nigeria to Boost Jobs, Clean Energy Solutions

Hexing Livoltek Opens Facility in Nigeria to Boost Jobs, Clean

October 21, 2024

Hexing Livoltek, a global leader in technology, has announced plans to establish a manufacturing facility in Nigeria, focusing on advanced metering systems and solar energy solutions. This move is expected to boost local employment while supporting Nigeria’s growing demand for renewable energy. The announcement was made during a luncheon attended by Adebayo Adelabu, the Minister […]Read More

PENGASSAN Urges FG to Raise Stake in Dangote Refinery to 45% for Energy Security

PENGASSAN Urges FG to Raise Stake in Dangote Refinery to

September 25, 2024

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged the Federal Government, through the Nigerian National Petroleum Company (NNPC) Limited, to increase its stake in the Dangote Refinery to 45% in order to enhance the nation’s energy security. Festus Osifo, the President of PENGASSAN, made this statement on Tuesday during the […]Read More

World Bank Allocates $90 Billion Electricity Fund for Nigeria, Other African Nations

World Bank Allocates $90 Billion Electricity Fund for Nigeria, Other

September 20, 2024

Nigeria and some other African countries are set to be beneficiaries of $90 billion in electricity funds backed by the World Bank and the African Development Bank. The fund is part of the global financial institution’s plan to provide electricity to the 300 million African population by 2023, a Bloomberg report revealed. On Friday, leading […]Read More

Germany’s Power Market Struggles: Falling Demand and Rising Imports Despite Renewable Growth

Germany’s Power Market Struggles: Falling Demand and Rising Imports Despite

September 11, 2024

Germany’s power market is in the midst of a significant transition. Demand continues to fall despite normalizing prices, and retired coal and nuclear capacity mean the European giant is now heavily reliant on imports from its neighbors. But it’s not all bad news for the sector.  Rystad Energy projections show Germany will surpass its policy […]Read More

Ford’s $5 Billion EV Loss Sparks Strategic Shift Towards Hybrids

Ford’s $5 Billion EV Loss Sparks Strategic Shift Towards Hybrids

August 22, 2024

The trend of legacy automakers ditching their plans and investments in EVs continues, with Ford reportedly the latest to cancel plans for a large three-row electric sport-utility vehicle, according to a new report from the Wall Street Journal. The report said that the company will take $1.9 billion in related special charges and write-downs as a […]Read More

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