Scatec (Release) signed a $100 million loan agreement with the World Bank’s International Finance Corporation (IFC) to replace…
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TotalEnergies Plans to Invest $6bn in Nigeria’s Oil and Gas
TotalEnergies plans to invest $6 billion, focusing on offshore oil projects and boosting gas production. According…
Consortium Seals $5bn for Hydroelectric Project in Mozambique
A consortium comprising TotalEnergies, Électricité de France (EDF), and Sumitomo Corporation has signed crucial agreements with…
FG Spends N375.8bn on Electricity Subsidy in Q1 to Q3 2023
The Federal Government spent N375.8 billion on electricity subsidies in the first, second and third quarters…
World Bank Funds Clean Energy in Nigeria
The World Bank allocates $750 million for clean energy projects in Nigeria. This move addresses the…
Arise Wind Farm Acquires 70% Share in Ukrainian Fenik Repower
Arise AB, a Swedish onshore wind farm developer, said it has acquired a 70 per cent…
South Africa Opens Bids for 5GW Renewable Power Generation
South Africa has launched bidding rounds for 5,000 megawatts (MW) of new power generation capacity from…
Changing DisCos’ Ownership Won’t Solve Nigeria’s Power Supply Issues –Stakeholders
Stakeholders in the power sector have said that changing the ownership of electricity Distribution Companies (Discos)…
TotalEnergies Commences 216MW Solar Plant in South Africa
TotalEnergies and its partners have started constructing a 216 megawatts (MW) solar power plant with 500 megawatt-hours…
Italy to Invest in Africa –Eni
Eni, Italy’s largest importer of natural gas and a state-controlled energy multinational has said that Italy…