Slashed N17bn Mambilla hydro budget is FG’s counterpart funding – Fashola.

Slashed N17bn Mambilla hydro budget is FG’s counterpart funding – Fashola.

The Minister of Power, Works and Housing, Mr Babatunde Fashola, has said the N17 billion slashed by the National Assembly in the 2017 budget proposal of Mambilla hydropower project was the federal government’s counterpart funding ahead of the Chinese loan for the project. In a statement by his spokesman, Hakeem Bello, Fashola urged federal lawmakers […]

Hopes raised for resumption of 3,050mw Mambilla hydro project.

Hopes raised for resumption of 3,050mw Mambilla hydro project.

Hopes that the long delayed construction of the 3,050MW Mambilla hydropower project in Taraba State will resume soon were raised on 19th June when a ‘No Objection’ certificate from the Bureau of Public Procurement (BPP) landed on the desk of Minister of Power, Works and Housing Babatunde Raji Fashola. The minister, in an interview said […]

GE plans 2GW hydroelectric power in Nigeria.

GE plans 2GW hydroelectric power in Nigeria.

The General Electric is planning to install hydroelectric plants that will generate additional two gigawatts of electricity in the country by 2030 in view the the nation’s growing power demands. This is part of 29GW hydropower expansion projects to be executed by the American multinational corporation in four African countries in the next 13 years. […]

Access Power gets financing for 50 MW PV project in Nigeria.

Access Power gets financing for 50 MW PV project in Nigeria.

The $1.65 million loan will be used to co-finance a 50 MW solar facility under development in Nigeria’s Kaduna State. The company expect to reach financial close for the project by the end of this year. UAE-based project development and advisory firm Access Power MEA announced that its Nigerian subsidiary Access Quaint Solar Nigeria Ltd. […]

Nigeria: Federal Government set to build two new hydro power stations.

Nigeria: Federal Government set to build two new hydro power stations.

The Federal Government has concluded plans to boost electricity generation in the country with two small hydro power plants capable of adding 2,000 kilowatts of electricity to the country’s energy capacity, according to reports. The Minister of Science and Technology, Dr. Ogbonnaya Onu, disclosed this in Abuja on Monday at a press conference to announce the […]

Nigeria Federal Government accesses $67m World Bank loan to develop dam in Jigawa.

Nigeria Federal Government accesses $67m World Bank loan to develop dam in Jigawa.

The Chairman, Senate Committee on Water Resources, Sen. Ubale Shittu, on Sunday said the Federal Government has accessed a $67m World Bank loan to rehabilitate Hadejia Valley Dam to boost electricity generation in Jigawa State, according to reports. Shittu told reporters in Dutse that $60m would be used to rehabilitate and expand the dam by 1,000 […]

Federal government of Nigeria to employ PPP to provide key power infrastructure in 2017.

Federal government of Nigeria to employ PPP to provide key power infrastructure in 2017.

The Federal Government is set to engage many private investors in PPP agreements to provide and rehabilitate key infrastructure across the country. In a move by the government to accelerate the pace of provision of infrastructure across the country, a Public Private Partnership (PPP) approach is about to be robustly engaged in different sectors of the economy including power. This is […]

AfDB approves financing to Kainji and Jebba hydro power project in Nigeria.

AfDB approves financing to Kainji and Jebba hydro power project in Nigeria.

The Board of Directors of the African Development Bank (AfDB or the Bank) has approved a financing package of US$100 million, comprising US$80 million loan and US$20 million equity for the rehabilitation of the Kainji and Jebba hydro plants to increase available capacity from the current available capacity of 917 MW to installed capacity of […]

Nigeria, China Exim Bank reach $1.3bn power plant deal.

Nigeria, China Exim Bank reach $1.3bn power plant deal.

The Federal Government, in partnership with the China Exim Bank, will spend about $1.3bn on the construction of a 700 megawatt-capacity Zungeru Hydroelectric Power Plant Project. The Vice President, Power China Internationale Group Ltd., Mr Tian Haihua, on Thursday in Zungeru said that the project, when completed, would generate 700 megawatts and would start generating […]

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