Posts Tagged “Power Africa”

Obama’s Africa Power Plan Falls Short in Nigeria, others

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Obama’s Africa Power Plan Falls Short in Nigeria, others

September 21, 2016 by Toluse Olorunnipa and Tope Alake Originally published on Bloomberg. President Barack Obama’s signature initiative for Africa — a $9.7 billion plan to double electricity access in the world’s poorest continent — has fallen well short of its goals, so far producing less than 5 percent of the new power generation it promised….

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More than $1 billion in Power Africa commitments finalized: USAID chief

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More than $1 billion in Power Africa commitments finalized: USAID chief

September 21, 2016 by Lesley Wroughton, Robert Birsel Originally published on Reuters. More than $1 billion in debt and financing commitments from U.S. agencies and private investors is set to be announced on Wednesday for U.S. President Barack Obama’s signature Africa energy initiative, Power Africa, a top USAID official said. The latest deals were finalized around…

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Power Africa Initiative trains key government agencies on PPAs, PCOAs

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Power Africa Initiative trains key government agencies on PPAs, PCOAs

August 22, 2016 by Chineme Okafor Originally published on This Day. The Nigerian Bulk Electricity Trading Plc (NBET) and Central Bank of Nigeria (CBN) are currently negotiating new financial stimulus worth N180 billion to support electricity operators in Nigeria’s power sector, THISDAY has learnt. The paper gathered from an exclusive interview with the acting Managing…

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USTDA Accepting Proposals For Clean Energy Projects In Africa Through September 26

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USTDA Accepting Proposals For Clean Energy Projects In Africa Through September 26

August 10, 2016 by USTDA Press Release The U.S. Trade and Development Agency is expanding its investments in sustainable energy projects across sub-Saharan Africa. An implementing agency of both the Power Africa and U.S.-Africa Clean Energy Finance (US-ACEF) initiatives, USTDA invests in project preparation activities designed to generate renewable and gas-fired power, modernize electric grids and…

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New initiative to give Africa cheap electricity

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New initiative to give Africa cheap electricity

July 21, 2016 by Baraka Rateng Originally published on SciDev Net. A new initiative, Scaling Off-Grid Energy: A Grand Challenge for Development, will invest US$36 million to empower entrepreneurs and investors to connect 20 million households in Sub-Saharan Africa with off-grid energy by 2030. The initiative was announced at the US Global Entrepreneurship Summit last…

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Practical steps to ensuring stable power supply

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Practical steps to ensuring stable power supply

June 10, 2016 by Uche Aneke   Originally published on The Nation. One of the greatest gifts any government can give to Nigerians is stability of power supply in the country. In spite of the genuine attempts by successive governments and considerable amount of money expended on the power sector to resolve the electricity challenges…

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US, DisCos sign $9m Power Africa agreement

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US, DisCos sign $9m Power Africa agreement

May 24, 2016 by Vincent Ikuomola Originally published on The Nation. The U.S. Agency for International Development (USAID) and three  Electricity Distribution Companies (DisCos)  have signed a $9million (N3.2 billion) annual power agreement. The agreement is  aimed at improving power distribution and increase connection across the country. U.S. Ambassador to Nigeria, James Entwistle signed on…

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Energy, job creation, climate change top agenda of AFDB Annual Meeting

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Energy, job creation, climate change top agenda of AFDB Annual Meeting

May 23, 2016 by Chinedum Uwaegbulam Originally published on The Guardian. About 54 finance or economy ministers from member countries of the African Development Bank group will today (Monday) begin talks in Lusaka, Zambia to review its 2015 operations report, unveil new strategies, and programme to create 25 million jobs for young people over the next…

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Nigeria’s solar hopes stall

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Nigeria’s solar hopes stall

May 20, 2016 by Ilias Tsagas Originally published on PV Magazine. Nigeria is considered an emerging economy that has the potential to drive a dynamic domestic solar PV market. But the global oil price plunge and a national currency crisis have stalled hopes. Nigeria’s electricity sector is astonishingly small. Brazil and Pakistan, two countries with…

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