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India to sign agreement with Bangladesh for power supply

India to sign agreement with Bangladesh for power supply

India will sign an agreement with Bangladesh on November 27 for selling 100 MW power from Tripura’s Palatana power project in Gomati district, a Tripura minister said today. “Bangladesh wants to start buying power from December 16, to mark the country’s Bijoy Diwas (Victory day). The decision to sell power from the 726 MW gas-based

ELECT

FG Seeks Local, Foreign Investment In Infrastructure

The federal government has stressed the need for adequate local and foreign investments in infrastructure to boost the nation’s economy. The minister of works, Mr. Mike Onolememen, disclosed this in Benin City, in a keynote lecture at the 2014 Professor Ambrose Alli Distinguished Annual Leadership Lecture Series, organised by the Visionary Leadership Services. Onolememen, whose

PHCN-SUBSTATION-AT-MAKERI

Nigeria’s Electricity Transmission Grid Requires Reform

The objectives of Nigeria’s electricity sector reform is to promote a private sector led market, ramp up capacity, seek efficiency and ultimately, secure improved delivery of power to consumers. The first objective has been partially met with the handover of PHCN successor companies to private investors on November 1, 2013 but the other objectives appear

Ikomi

$200m Power Plant Gets Debt-to-Equity Finance Structure

THE prospective investors of the 500 megawatt gas-powered plant in Sapele, Delta State- Proton Energy, said the outfit’s initial capacity is projected to cost approximately $200 million and would be funded on a project finance structure of 70 per cent debt and 30 per cent equity basis. The funding, according to the company, would also

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