Posts Tagged “PPA”

Nigeria Needs 40,000 MW Of Electricity Meet Industrial Demand

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Nigeria Needs 40,000 MW Of Electricity Meet Industrial Demand

October 31, 2016 by Editor Originally published on News Herald Indications have emerged that Nigeria would require about 40,000 megawatts of electric power to satisfy its industrial, as against its installed generation capacity of about 12,000 megawatts. About 3,500 megawatts of the installed generation capacity, information gathered revealed, are supplied by gas-fired plants and hydro…

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11 solar IPPs post development security to NBET

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11 solar IPPs post development security to NBET

September 15, 2016 by Editor Originally published on Business Day. The Nigerian Bulk Electricity Trading Plc (NBET) on Thursday announced that ten of the eleven Independent Power Producers (IPPs) that executed the Front-Runner Solar Power Purchase Agreements (PPAs) on July 21 have successfully posted their development securities to NBET. A key requirement of the IPP…

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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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Cross River signs pacts on solar, gas powered turbine projects with Dubai firm

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Cross River signs pacts on solar, gas powered turbine projects with Dubai firm

August 22, 2016 by Editor Originally published on Vanguard. In furtherance of his resolve to ensure 24-hour power supply in his state, particularly in the capital city, Calabar, Cross River State governor, Prof. Ben Ayade, has signed a pact with a Dubai-based firm, Skipper Seil, to provide a 100kva solar lighting generating system. Also signed…

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PV Talk: Nigeria’s 20% renewables target could be met just with solar

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PV Talk: Nigeria’s 20% renewables target could be met just with solar

August 15, 2016 by Tom Kenning Originally published on PV Tech. The solar industry has often decried lengthy delays in the West African market. Time periods for signing power purchase agreements (PPAs) can stretch into years and this only makes financing more difficult with extortionate costs of capital from domestic lenders. However, July saw a…

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Embracing Associated Risks in the Burgeoning Solar PV Market

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Embracing Associated Risks in the Burgeoning Solar PV Market

August 9, 2016 by Editor Originally published on This Day. Beyond the federal government’s expressed emotions, Nigeria’s recent approval of an entry feed-in tariff for solar power supply does not foreclose the fact that there are associated risks in the solar photovoltaics technology. Chineme Okafor however examines the country’s readiness for this technology The Nigerian…

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FG to Guarantee 14 New Solar Power Projects with $273m

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FG to Guarantee 14 New Solar Power Projects with $273m

August 2, 2016 by Chineme Okafor Originally published on This Day. The federal government is to provide up to $273million worth of Partial Risk Guarantee (PRG) for the 14 new solar power projects for which the signed Power Purchase Agreements (PPAs) were signed recently, the Minister of Power, Works and Housing, Babatunde Fashola has disclosed….

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Indian EPC Sterling and Wilson to deliver 250 MW of Nigerian solar power

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Indian EPC Sterling and Wilson to deliver 250 MW of Nigerian solar power

July 20, 2016 by Ian Clover Originally published on PV Magazine. The developer will complete 250 MW of solar capacity in Nigeria over the next two-to-three years having been selected as part of a recent push to get 975 MW online. The recent signing of 975 MW of power purchase agreements (PPAs) by Nigerian Bulk…

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Nigeria to achieve 30% capacity in renewable energy by 2030 – Fashola

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Nigeria to achieve 30% capacity in renewable energy by 2030 – Fashola

July 21, 2016 by NAN Originally published on Leadership. The Federal Government on Thursday in Abuja signed a Front-Runner Solar Power Purchase Agreements (PPAs) worth 1.75 billion dollars with 14 companies to build 1.125 Megawatts (MW) capacity of renewable power in the country. Mr Babatunde Fashola, Minister of Power, Works and Housing, who signed the…

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Nigeria’s Leap Towards Solar Energy

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Nigeria’s Leap Towards Solar Energy

July 19, 2016 by Chineme Okafor Originally published on This Day. The recent signing of power purchase agreements between the federal government and 12 firms for the construction of solar power plants in eight states that will generate 975MW of electricity is a good development for Nigeria’s energy mix, given the incessant disruption of gas supply…

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