Archive For February 17, 2017

Investor To Build N5.2bn Biofuels Refinery In Kogi State

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Investor To Build N5.2bn Biofuels Refinery In Kogi State

February 17, 2017 by  Festus Okoromadu Originally published on Leadership The managing director of Biodiesel Nigeria Limited, Engr. Hussaini Solomon, has said his company has concluded arrangement to establish a mini-biodiesel refinery in Lokoja, Kogi state worth N5.2 billion. In an exclusive chat with LEADERSHIP, Solomon said his company, which recently signed a memorandum of…

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to-the-point: Azuri secures USD-5m loan for pay-as-you-go solar

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to-the-point: Azuri secures USD-5m loan for pay-as-you-go solar

February 16, 2016 by katheriin Originally published on Renewable now UK-based Azuri Technologies Ltd on Wednesday said it has agreed a USD-5-million (EUR 4.7m) financing facility with Standard Chartered Bank that will enable the manufacture of its PayGo solar home systems for deployment in sub-Saharan Africa. “As the PayGo industry matures, access to innovative debt finance…

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A Bright Outlook for Solar Mini Grid Regulation in Nigeria

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A Bright Outlook for Solar Mini Grid Regulation in Nigeria

February 16, 2017 by Editor Originally published on Nigeria Electricity The regulatory space around solar power investments in Nigeria has also seen some transformation, which has served as an incentive for the recent growth in both off grid and on grid solar power developments. Ambiguous and unfriendly regulations have been the typical hurdle in some…

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Nigerian, American Firms to Power 25 Communities With Solar Energy

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Nigerian, American Firms to Power 25 Communities With Solar Energy

February 16, 2017 by Editor Originally published on Premium Times A Nigerian firm, Community Energy Social Enterprises Limited, CESEL, and its American counterpart, Community Energy Social Enterprises Limited, CESEL, signed a $767,512 agreement to provide solar energy for the communities on ‘pay-as- you-go’ basis. The CESEL Managing Director, Patrick Tolani, signed the agreement on behalf…

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Power Africa to invest $1 in power sector

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Power Africa to invest $1 in power sector

February 15, 2017 by Omotayo Yusuf Originally published on Naij The Nation reports that Mr. Andrew Herscowitz who is the coordinator of Power Africa revealed this on Tuesday, February 14 at the opening of the two day Distribution Company Workshop which took place Abuja. “Power Africa is a U.S government led initiative launched by President…

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Nigeria, U.S. firms sign N241.6m solar energy MoU to power 25 communities

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Nigeria, U.S. firms sign N241.6m solar energy MoU to power 25 communities

  February 15, 2017 by Editor Originally published on DailyTrust Nigeria, U.S. firms sign N241.6m solar energy MoU to power 25 communities Community Energy Social Enterprises Limited (CESEL) has signed a 767, 512 dollars (about N241.6 million) Memorandum of Understanding (MoU) with Renewvia Energy Corporation, a U.S. firm to provide solar energy in Nigeria. Dr…

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Nigeria: investment firms partner to develop 50MW solar project

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Nigeria: investment firms partner to develop 50MW solar project

February 9th, 2017 by Editor Originally published on Esi Africa A collaboration between Oriental Renewable Solutions and GreenWish Partners, seeks to develop a 50MW solar plant in Northern Nigeria. The consortium released a joint statement last week, which revealed that the 50:50 equity partnership will see both firms working together to develop the solar power…

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Solar Power Taking Hold in Nigeria, One Mobile Phone at a Time

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Solar Power Taking Hold in Nigeria, One Mobile Phone at a Time

February 9th, 2017 by ASAF SHALEV Originally published on Inside Climate News Sunshine is plentiful in Nigeria, and is increasingly becoming a source of power for those not connected to the country’s electric grid. Credit: Getty Images A fast-growing energy solution is springing up in Nigeria, Africa’s largest country, where three-quarters of people still have little…

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The U.S energy project known as “Power Africa’’ has added 30,000 new solar connections in Nigeria.

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The U.S energy project known as “Power Africa’’ has added 30,000 new solar connections in Nigeria.

February 7th, 2017 By NAN Originally published on Premium Times The U.S., through its Overseas Private Investment Corporation (OPIC), had in 2016 signed an agreement with Lumos, an off-grid electricity provider to enhance provision of solar electricity to homes and small businesses throughout Nigeria. The News Agency of Nigeria (NAN) reports that Lumos was also…

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Nigerian village receives PayGo solar home systems

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Nigerian village receives PayGo solar home systems

February 7th, 2016 By Editor Originally published on Esi Aftica An international technology firm, Azuri Technologies, partners with the Niger Delta Power Holding Company (NDPHC) to launch its PayGo solar home systems in Nigeria. On Tuesday, Nigeria’s Vice-President, Yemi Osinbajo, inaugurated the PayGo solar home systems in Wuna village, a rural community in Gwagwalada Area…

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