Tag Archives: World Bank

38bea6f232aa990273b367ca55af8e69_XL

Seven Energy Seals $200M World Bank Gas Financing Deal

Seven Energy Seals $200M World Bank Gas Financing Deal

Independent integrated oil and gas development, production and gas distribution company, Seven Energy, has concluded a $200 million gas development deal with the World Bank. The Multilateral Investment Guarantee Agency (MIGA), a political risk insurance and credit enhancement arm of the World Bank Group, said the deal is its first engagement in Nigeria’s gas sector.

ELECT

US$1 billion Azura-Edo Power Plant Kicks Off

The foundation laying ceremony of the $1 billion Azura-Edo 1,000 megawatts gas-powered Independent Power Plant, will hold on Friday, 10th October, 2014. The first phase of the project, which was conceptualized in 2010 and jointly incubated by the Edo State Government under Comrade Adams Eric Oshiomhole and Amaya Capital, the key promoters of Azura Power

Distribution cable

Nigeria’s Electricity Consumption Per Capita Lowest in Africa

Nigeria’s electricity consumption per capital has been adjudged to be the lowest in Africa, according to a report by Agusto & Co. The country’s electricity consumption per capital, measured by the World Bank at 149 KWH, is low due to self generation by most of the citizenry which is often not captured. “Typically, Nigerians resort

301212F.Benjamin-Dikki

Nigeria in Pole Position as 10,000MW Power Africa Berths

Chineme Okafor writes that of the six countries slated to start off the United States broad-based partnership to increase access to electricity in sub-Saharan Africa through Power Africa, Nigeria with on-going reforms in her power sector stands a good chance to exploit the advantages offered in the new initiative Structural reforms as was recently stated

world-bank (1)

World Bank Commits $5billion to Power Projects in Nigeria, Others

THE World Bank Group, yesterday, committed $5 billion in new technical and financial support for energy projects in six African countries, including Nigeria. Others are, Ethiopia, Ghana, Kenya, Liberia, and Tanzania—which have partnered with President Obama’s Power Africa initiative. Making the announcement on the second day of the first  US-Africa Summit, World Bank Group President,

world-bank-logo1

World Bank Pledges To Support Nigeria’s Power Sector

The World Bank has promised to continue its support for the development of Nigeria’s power sector following its successful privatisation. The pledge, according to a report by the News Agency of Nigeria on Monday, was contained in a statement issued by the Assistant Director, Press, Ministry of Power, Mrs. Patricia Deworitshe, in Abuja. The statement quoted the

world-bank (1)

World Bank Pledges to Support Nigeria’s Power Sector

The World Bank has pledged continued support for the development of Nigeria’s power sector following the successful privatisation of the sector. The pledge is contained in a statement issued by Mrs Patricia Deworitshe, the Assistant Director, Press, Ministry of Power, on Monday in Abuja. The statement quoted the outgoing Country Director of World Bank, Mr

shiroro_power_room

FG Approves Disbursement of N1.6bn for Transmission Upgrade

The National Economic Council has given approval for the disbursement of $1.6 billion for the enhancement of Nigeria’s transmission network, Minister of Power, Prof. Chinedu Nebo said yesterday. Nebo stated this while dispelling fears entertained on the progress of the country’s power sector reform by a delegation of Nigeria’s bankers’ forum which visited him in

Top
Powered by Nextier