Power sector
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Nigeria loses an estimated $26 billion yearly to power failures. This is according to the latest Africa Trade Barometer report which said the cost excludes spending on off-grid generators. “Economic losses arising from Nigeria’s electricity shortages are estimated to be USD 26 billion annually, without accounting for spending on fuel for off-grid generators, which is…
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There are mounting concerns as Nigeria’s power decade privatisation process is expected to elapse on October 31, 2023. It has become more problematic following the decades-long crisis within Nigeria’s power sector. For over 62 years, the country’s electricity value chain, from distribution to generation and transmission, has been bedevilled with challenges. Meanwhile, the government attempted…
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Nigeria is undergoing economic recession. But despite the inspiring short and long-term economic forecasts, the nation has a number of power supply challenges, many of which can be solved with renewable energy. First among the sustainable energy options is hydropower. However, the major problem with hydropower and similar large, capital intensive power projects is its…
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On Thursday — almost six months after Donald Trump, a hard denialist who doesn’t understand the difference between weather and climate, officially pulled the United States out of the Paris Agreement (condemning the world to climate catastrophe had he been re-elected) , newly elected president Joe Biden, who rejoined the agreement immediately as his first presidential decision, committed his country to halving its 2005 emissions levels by 2030 at an online meeting of 40 world leaders.…
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The Federal Government of Nigeria would have to pay electricity suppliers an estimated ₦120billion to provide Nigerians free electricity for two months, media reports confirm. According to data from the Nigerian Electricity Regulatory Commission, (NERC), during the third quarter of 2019, a total invoice of ₦179.66billion was issued to the eleven (11) DisCos for energy…
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When, in 2010, US energy company Anadarko found major gas reserves off the coast of Mozambique’s Cabo Delgado province, many hoped that the discovery was going to bring prosperity to the impoverished region. The following year, Italy’s ENI also found a massive gas field in the area. Since then Mozambique has seen an influx of…
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