Adebayo Adelabu says Nigeria has a significant N1.6 trillion shortfall in wholesale tariffs.
Tag: Africa
As of 2023, Ghana, Kenya and Rwanda Led the Way in Africa for Power Grid Upgrades – IEA
In the International Energy Agency’s (IEA) October 2023 report on Electricity Grids and Secure Energy Transitions,…
Nigeria’s 2024 Electricity Act Amendment Allocates 5% of GenCos OPEX for Host Communities
President Bola Ahmed Tinubu has signed the 2024 Electricity Act (Amendment) Bill into law. The law…
EIB Funds Renewable Energy Worldwide
The European Investment Bank (EIB) approved EUR 1.6 billion (USD 1.72bn) for renewable energy and electricity…
IFC, SIMA Launch $150m Solar Green Bond for African Solar Developers
The World Bank’s International Finance Corporation (IFC), in partnership with Social Investment Managers and Advisors LLC…
OPEC Funds 55 Renewable Energy Projects with $1.7bn in Africa, Others
Several renewable energy projects in Africa have benefitted from the $1.7 billion financing from the Organization…
Italy Commits 5.5 Billion Euros For African Development
At the Italy-Africa Summit on January 29, 2024, Prime Minister Georgia Meloni unveiled a 5.5 billion…
Italy Reveals Energy, Migration Plan for Africa
The Prime Minister of Italy, Giorgia Meloni, unveiled her plan for the continent during a summit…
WEF: LONGi Partners with Shenzhen to Provide Solar Products to Africa
LONGi Green Energy Technology has partnered with Shenzhen Power Solution to provide tailor-made solar products, including…
Circular Economy in Africa: A Paradigm Shift in Energy Consumption
Circular economy has gained traction worldwide as a means of redefining energy consumption. A circular economy…