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Businesses will likely face increased operational costs due to reliance on alternative energy sources, such as generators, to maintain their services.
Nigeria’s energy landscape is a dynamic blend of hydroelectric and gas-fired thermal power plants, each playing a pivotal role in powering the nation. These plants are the backbone of Nigeria’s power sector, driving the country’s energy ambitions forward. Here’s a quick look at the top 10 power plants in Nigeria, ranked by their installed capacity,…
South Africa’s state-owned power utility, Eskom, has announced the successful synchronization of Unit 2 at the Koeberg Nuclear Power Station to the national grid, adding 930MW of capacity to the country’s energy mix. The synchronization, completed on Monday, follows an extensive maintenance program during a planned outage. This achievement marks a significant milestone in Eskom’s…
The Nigerian Electricity Regulatory Commission (NERC) has announced the transfer of regulatory oversight to the Ogun State Electricity Regulatory Commission (OGERC). The transfer was announced in a public notice by the NERC via its X handle on Monday NERC said the transfer is in line with This aligns with the amended Constitution of the Federal…
South Africa government has revealed the eight preferred bidders for the seventh bid window of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) and the second bid window of the Battery Energy Storage Independent Power Producer Procurement Programme (BESIPPPP). This announcement was made by the country’s minister of electricity and energy, Dr. Kgosientsho Ramokgopa…
The Zimbabwean government has announced plans to collaborate with the International Atomic Energy Agency (IAEA) and Russian investors to introduce nuclear energy as part of efforts to address the country’s chronic power shortages. Energy and Power Development Minister Edgar Moyo confirmed the nation’s interest in nuclear energy and its plans to develop small modular reactors…
The Nigeria electricity distribution companies (DisCos) has recorded a total sum of ₦466.69 billion as revenue collected from customers in the third quarter of 2024. This is contained in the quarterly report of the Nigerian Electricity Regulatory Commission (NERC) published on their website, and obtained by Energy in Africa. The collection includes the revenue generation…
The Government of Uganda has partnered with Gridworks, a subsidiary of British International Investment, to develop the Mbale-Bulambuli-Kween transmission line in eastern Uganda. This initiative, announced on Thursday, aims to enhance the country’s renewable energy capacity and address its growing power demands, according to a report by Energy News Africa The partnership was disclosed in…
Egypt has secured $275 million in financing for the construction and operation of Africa’s largest wind farm, the Suez Wind Project, located in the Gulf of Suez. The funding was announced on Thursday in Cairo by the European Bank for Reconstruction and Development (EBRD). The financing includes $200 million from the EBRD, with additional contributions…
African Export-Import Bank, Afreximbank, alongside the International Monetary Fund (IMF) has agreed to mobilise an impressive sum of $50 million in Zimbabwe for projects in energy infrastructure, logistics, agro-processing, among others. This was contained in a statement made by the Zimbabwean government on Thursday, as per a report Energy Capital. The deal was signed with…
Governor of Lagos State Babajide Sanwo-Olu has approved the establishment of the leadership of Lagos Electricity Regulatory Commission (LASERC). The governor gave the approval on Monday following the transfer of regulatory oversight to the State by the Nigerian Electricity Regulatory Commission (NERC), as per a report by Arise TV. The governor also appointed key leaders…
South Africa has awarded 1,760 megawatts of green-power projects as part of efforts to decrease its dependence on coal for electricity generation. This was revealed in a statement by the country’s the Electricity Minister, Kgosientsho Ramokgopa, in a meeting with reporters in Pretoria on Monday. According to a report by Bloomberg, the government received over…
South African state-owned power utility company, Eskom, says it projects to return to profit making next year for the first time in eight years eight years after suffering a whooping $3 billion loss. The CEO of the company, Dan Marokane, said this in a statement on Friday, as per a report from Reuters. Markone said…
The Nigerian Electricity Regulatory Commission (NERC) has announced the transfer of regulatory oversight of Lagos State’s electricity market to the Lagos State Electricity Regulatory Commission (LASERC), in line with the amended Constitution of the Federal Republic of Nigeria and the Electricity Act 2023. This development was disclosed in a statement issued by NERC on Tuesday.…
The Nigerian government has allocated a whooping sum of N199 billion in electricity subsidies for December 2024. This was disclosed in a report published on the website of the Nigerian Electricity Regulatory Commission (NERC) in view of its December 2024 Multi-Year Tariff Order (MYTO) report. According to the newly released report, electricity subsidies increased by…
The African Development Bank Group (AfDB) has approved a $10 million equity investment in the ARM-Harith Successor Infrastructure Equity Fund, targeting Nigeria and other West African countries. In a statement published on its website on Tuesday, the bank explained that the fund aims to support projects in electricity, transportation, and energy-efficient technologies across the region.…
The Egyptian government has inaugurated a 500 MW Abydos solar PV plant estimated at a whooping $500 million . This was made disclosed in a statement by the Egyptian Prime Minister, Mostafa Madbouly, in Aswan, according to a report by Renewable Energy Chronicles. The Prime Minister said the plant was developed by Dubai-based AMEA power,…
Jubaili Bros and Siemens Energy, two leading energy technology companies, have announced a strategic partnership to offer small gas turbines to customers across the African region, with an initial focus on Nigeria. This announcement was received a few weeks after MWM, a global provider of sustainable gas gensets, partnered with Jubaili Bros to offer large-scale,…
The Nigerian Electricity Regulatory Commission (NERC) has introduced a new tariff model for mini-grid installation and operations in the country. The announcement was made through a statement shared by the Commission on its official X handle (formerly Twitter) on Friday. According to NERC, the new model is based on the African Forum for Utility Regulators…
Africa-focused WATT Renewable Corporation has secured a $15 million debt facility from the Afrigreen Debt Impact Fund to support the development and operation of hybrid solar power plants in Nigeria. This financial arrangement aims to accelerate the company’s mission to deliver sustainable energy solutions across key sectors in the country, a local paper says. According…