Geregu Power Plc has defaulted on a bond payment, raising fresh concerns about the financial health…
Tag: power sector investment
REA Secures ₦50bn for Mini-Grids and Renewables
REA secured ₦50bn to finance renewable energy and mini-grid projects in underserved communities. Another $119m from…
NDPHC Targets Lagos Electricity Market with 1,500MW
NDPHC plans to supply Lagos with an additional 1,500MW of electricity, targeting the state’s widening power…
REA Disburses ₦9bn for Mini-Grid Projects in Nigeria
REA disburses over ₦9 billion to mini-grid developers, boosting renewable energy deployment across multiple states. The…
AfDB Backs Kenya’s Geothermal Power Surge
The AfDB-approved geothermal project will expand Kenya’s baseload power while lowering electricity costs nationwide. The Menengai…
Nigeria Expands Electricity Export to 14 African Countries
Nigeria has intensified plans for electricity export, even as local demand remains low across the national…
Nigeria Power Sector Reform: Call for Fair Tariffs
Nigeria’s power sector stakeholders have again called for urgent reforms to improve efficiency and access to…
FG, GenCos Finalise ₦4trn Power Debt Plan
The federal government and electricity generation companies (GenCos) have agreed on the Nigerian power sector debt…