The Group Managing Director, Rainoil Limited , Dr Gabriel Ogbechie has revealed that the country stands to save over 12 trillion naira, which could be channeled for other areas of development for the country if the downstream sector is fully…
Energy
Africa’s renewable energy resources offer huge investment opportunities for Japanese business – Dr Akinwumi Adesina
Japanese businesses should invest more in Africa, where investment opportunities and returns on investment are among the highest in the world, African Development Bank President Dr. Akinwumi Adesina urged participants at the 8th Tokyo International Conference on African Development (TICAD8).…
Akufo-Addo commissions first phase of 28MW Kaleo Solar Power Project
The President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo, has commissioned the Volta River Authority’s 13MW Solar Power Project. According to the President, the Project, which is the first phase of what will be a 28MW plant in Kaleo,…
Nigeria: Stakeholders endorse African Development Bank country strategy, urge greater engagement with Diaspora
Representatives of Nigeria’s Diaspora, national networks, and youth and women groups have hailed the African Development Bank for supporting transformational projects in the country and across Africa. The African Development Bank forum, which took place in early August, is part…
FG partners with Israel, Japan on manufacturing of electric automobiles
The Federal Government has signed a Memorandum of Understanding (MoU) with Israeli and Japanese companies to commence assembling and manufacturing of environmentally friendly, green, electric and smart automobiles by 2023. The National Agency for Science and Engineering Infrastructure (NASENI) entered…
Osinbajo Launches Energy Transition Plan; Says Nigeria needs $10 Billion a year to attain development ambitions
* $410 Billion to deliver Energy Transtion by 2060 * Complementary Launch of Universal Energy Grant Facility * Solar Companies urged to participate Nigeria’s Vice President, His Excellency, Prof Yemi Osinbajo is leading efforts towards an energy and development…
After 34-Year Gap, the Philippines has a Nuclear Facility Again
After more than three decades, the Philippines is again operating a nuclear facility. In 2014, a proposal was accepted to utilize fuel elements of a shutdown research reactor for training and education, which the IAEA has been supporting through a…
African Development Fund project makes more than 30,000 electricity connections in Burkina Faso
The Burkina Faso Electrification Project for Semi-Urban Areas of Ouagadougou and Bobo-Dioulasso, supported by the African Development Fund, the concessional window of the African Development Bank (AfDB), has resulted in 32,449 new connections to the country’s electric power network …
‘Optimism about pace of energy transitions is declining’, reveals WEC’s latest ‘World Energy Pulse’
Released today, the World Energy Council’s latest World Energy Pulse has revealed there is declining optimism about the pace of energy transition among global energy leaders as energy security increasingly reframes affordable climate security actions. This is based on findings…
Dubai-based Olive Gaea joins hands with Sapio Analytics to launch “The Climate Future Project”
Olive Gaea, a Dubai-based Sustainability as a Service (SaaS) platform providing Net Zero solutions to organizations across the MENATI region, and Sapio Analytics, an artificial intelligence-based government support organization, joined hands to launch “The Climate Future Project”. The agreement brings together…
