ENERGY Infrastructure News & Reports Power

Local Currency Financing for Off-Grid Energy Solutions in Africa Requires Scale-Up – AfDB

Although advantageous, local currency financing for off-grid renewables projects and businesses in Africa is still limited, according to a new report released by the African Development Bank ( The report, Exploring the Role of Guarantee Products in Supporting Local Currency Financing of Sustainable Off-Grid Energy Projects in Africa, summarized findings of an in-depth study of …read more →

Infrastructure News & Reports Power

Nigeria Makes Progress in Power Generation but Lacks Evacuation Infrastructure

Power generating companies in Nigeria have bemoaned the lack of infrastructure in the value chain to evacuate all the power being generated. Despite the underperformance of the power sector since privatization in 2013, Electricity Generation Companies (Gencos) have succeeded in achieving a 93 per cent increase in generation in the past seven years. In the …read more →

ENERGY Infrastructure Financing News & Reports Power

CBN Creates Intervention Fund for Solar Energy Infrastructure Development

The Central Bank of Nigeria (CBN) said it has introduced an intervention fund to support the growth of solar energy development in the country in line with government policy to boost power supply. The regulatory bank in its guidelines on the Solar Connection Intervention Facility said that the move was to complement the Federal government’s effort …read more →

Infrastructure News & Reports Power

Infrastructure Vandalism: EEDC Wants Customers to Help Protect Installations

The Enugu Electricity Distribution PLC (EEDC) has expressed concern over the rising cases of vandalism within its network, appealing to customers to be more vigilant in ensuring that the installations serving them are not vandalised. The Head, Corporate Communications, EEDC, Mr. Emeka Ezeh, interacting with newsmen in Enugu, regretted the way and manner power facilities …read more →

Infrastructure Infrastructure Financing News & Reports Power

Nigeria Approves €18.94 mn Counterpart Funding for Siemens Upgrade of its Power Infrastructure

President Muhammadu Buhari has approved €18.94 million counterpart funding for a deal that will see Siemens AG upgrade the nation’s dilapidated power infrastructure. Nigeria, Africa’s most populous nation, last year contracted the German engineering company to rehabilitate and expand its electricity grid. The president granted “anticipatory approval” for €18.94 million, or 15 percent of the …read more →


World’s largest green hydrogen facility to be constructed in Saudi Arabia

The world’s largest green hydrogen facility is set to be constructed in the North West corner of the Kingdom of Saudi Arabia. The US $5bn plant will supply 650 tons per day of carbon-free hydrogen for transportation globally and spare the world of 3 million tons of carbon dioxide every year. The joint venture project …read more →

AFRICAReports Infrastructure News & Reports Power

Nigeria Installs First Commercial Under-grid Mini-grid Power Project In Mokoloki

Nigeria has installed its first rural commercial undergrid mini-grid in Mokoloki, a rural community in Ogun State. The project, an initiative of Rocky Mountain Institute (RMI), the Ibadan Electricity Distribution Company (IBEDC) and Nayo Tropical Technology (Nayo Tech), with the support from the Nigerian Rural Electrification Agency (REA) would supply power to no fewer than …read more →

AFRICAReports News & Reports Power

IDA to Fund Cameroon – Chad Power Interconnection Project with US$ 385M

The proposed Cameroon – Chad Power Interconnection Project is set to receive approximately US$ 385M worth of funding in form of a loan from the International Development Association (IDA), a subsidiary of the World Bank Group. Approved on 16th June this year the grant will be split between the two countries, US $295 million for the …read more →

AFRICAReports Banking and Finance Infrastructure News & Reports Power

World Bank Approves $750m Facility for Nigeria’s Power Sector

The World Bank Board has approved $750 million facility for the Nigerian Power Sector in a bid to support the Buhari administration in providing constant power supply to Nigerians. The facility under the Bank’s The Power Sector Recovery Programme (PSRP) buys time in favour of the Nigerian consumers as it forestalls the increase of tariffs …read more →

AFRICAReports Power

Technolectric to Build First Floating Solar Power Plant in Kenya

Kenya’s first-ever floating solar power plant is set to be constructed in the rift valley region. The 69 kW power infrastructure will be commissioned for Rift Valleys Roses, a family-owned rose-growing company located near Lake Naivasha, on one of the flower farm’s water reservoirs using a floating substructure. The floating solar power plant project will be …read more →