Tag Archives: 2020

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Renewable Energy to generate 2, 000mw of electricity in 2020

Renewable Energy to generate 2, 000mw of electricity in 2020

The Nigeria Electricity Regulatory Commission (NERC) has stated that through regulation, the renewable energy would generate 2, 000mw of electricity in the year 2020 According to the statement from NERC Public Relations Affairs, “the law, Feed-in Tariff Regulations for Renewable Energy Sourced Electricity in Nigeria”, was approved at the last regulatory meeting of the Commission.

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Nigeria: Power Receives Funding From Banks

Apart from the effort from the Federal Government to ensure that electricity generation is boosted in the country, some financial institutions have also pledged their support to finance some of the projects that will increase electricity generation in the country. For instance, the African Development Bank (AfDB) recently approved 184.2 million dollars loan (N29.4billion) to

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Nestoil, Polish Firm Deepen Alliance in Power, Oil & Gas

As part of their renewed efforts to harness the abundant investment opportunities in Nigeria’s power, oil and gas sectors, Nestoil Plc and Kulczyk Investments SA (KI) of Poland have signed agreement to deepen their strategic alliance on these sectors of the economy. The decision of the two partners to expand their alliance, THISDAY learnt, stemmed

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