Nigeria to Start Building $5.8 Billion Power Plant in 2018

Babatunde Fashola

Nigeria plans to start building a $5.8 billion hydro-power plant in the eastern Mambila region this year, after it agrees on loan terms with China’s Export-Import Bank.

“We hope to break ground this year if we can conclude the financing,” Power, Works and Housing Minister Babatunde Fashola said in a Jan. 23 interview in the capital, Abuja. “Contracts are in place. We are good to go.”

4th ARE Energy Access Investment Forum: Integrating Remote Communities into Economies

Since its 1st edition in Madrid in 2015, the annual Forum has become the key milestone event in spring where the clean energy off-grid sector gathers together to learn more about upcoming new support schemes and initiatives by the public sector as well as the latest industry trends and product and service innovations from the private sector.

Prime Minister of Cabo Verde inaugurates ECREEE projects in Santo Antão

Santo Antão, 19/January/2018 – The Prime Minister of Cabo Verde, Ulisses Correia e Silva, inaugurates a half a million USD project implemented by ECREEE to promote rural electrification based on solar energy. The projects were co-funded by the Government of Cabo Verde, GEF SGP, UNIDO and the Municipality of Ribeira Grande, benefitting two villages.

Renewable Power Generation Cost Drops Considerably

After years of steady cost decline for solar and wind technologies, renewable power is becoming an increasingly competitive way to meet new generation needs.

According to the report Renewable Power Generation Costs in 2017, by the International Renewable Energy Agency (IRENA), the cost of onshore wind power generation dropped 23% and 73% concerning to the electricity generated by PV systems since 2010. Furthermore it is projected that the cost of solar power will reduce 50% until 2020.

ECREEE and POWERCHINA to boost sustainable energy in West Africa

January 10th, 2018 – The ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE) and the Power Construction Corporation of China (POWERCHINA) signed a Memorandum of Understanding (MoU) to cooperate in the field of sustainable energy development in the ECOWAS region.