Nigerian billionaire’s electricity firm reports N30.2bn profit in 6 months: Femi Otedola's Geregu Power sees significant growth in revenue and profit
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#480c56e5 ver:0.17
Nigerian billionaire Femi Otedola's Geregu Power reports N30.2bn profit in 6 months, with revenue up 132.5%. The company's assets increased to N207.7bn and it signed an MoU with Siemens Energy. Otedola also sold N399m worth of shares. Geregu Power is bidding for a power plant sale worth $1.15bn. #Nigeria #PowerSector #BusinessGrowth...
#newstr #FemiOtedola #GereguPower #Electricity #Profit #Revenue #PowerSector #SiemensEnergy #PowerGeneration #Shares #Nigeria
https://here.news/story/480c56e5?ver=0.17
USAID to Invest N115bn in Nigeria’s Power Sector: Boosting the Country’s Electricity Reforms and Access to Affordable Power
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#480c56e5 ver:0.16
USAID and Nigeria's Ministry of Power sign MOU to invest N115bn in power sector, boosting electricity reforms and access to affordable power. Over 85 million Nigerians lack grid power, hindering economic growth. Power Africa Initiative has connected 33 million Nigerians to electricity and mobilized $4.5bn for power projects. World Bank-funded UNIMAID solar power project in Borno to be completed by Sept 2024, providing energy to university and hospital, training opportunities, and promoting gender inclusion in STEM. #PowerSectorReforms #AccessToPower #RenewableEnergy #Education...
#newstr #Usaid #Nigeria #PowerSector #Electricity #Reforms #PowerAfricaInitiative #CleanEnergy
https://here.news/story/480c56e5?ver=0.16
World Bank and REA Inspect Progress of 12 MW Solar Project in Borno
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#480c56e5 ver:0.15
The World Bank and REA inspect progress of a 12 MW solar project in Borno, Nigeria, funded by the World Bank's Energising Education Programme. The project will provide energy to the University of Maiduguri and its Teaching Hospital, while also offering training opportunities for students, including 20 female students interested in solar education. The completion of the distribution line to the hospital is the final task. #solarpower #education #sustainability...
#newstr #WorldBank #RuralElectrificationAgency #SolarPower #UniversityOfMaiduguri #Borno #EnergisingEducationProgramme
https://here.news/story/480c56e5?ver=0.15
Saudi Arabia Leads the Middle East in Solar Revolution and Renewable Energy Transition
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#480c56e5 ver:0.13
#SaudiArabia is leading the #MiddleEast's solar revolution and renewable energy transition, achieving a world-record low levelized cost of electricity for solar photovoltaics. The Middle East's total solar capacity is projected to approach 23 GW by 2024 and exceed 100 GW by 2030, with Saudi Arabia, the UAE, and Oman leading the way. Renewable sources are expected to constitute 70% of the region's power generation mix by 2050. #renewableenergy #sustainability...
#newstr #SolarEnergy #RenewableEnergy #MiddleEast #SaudiArabia #Uae #Oman #SolarCapacity #NaturalGas #ElectricVehicles #TadawulAllShareIndex
https://here.news/story/480c56e5?ver=0.13
NGOs Donate Solar Energy System to Kwara Tech Hub
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#480c56e5 ver:0.1
Nigeria is making significant strides in addressing its power challenges and improving its electricity infrastructure through collaborations and investments in renewable energy. These initiatives aim to provide sustainable and reliable electricity to the country's citizens, create employment opportunities, and boost the economy.
One collaboration involves a United Arab Emirates (UAE) firm and METSCO Africa, an electrical engineering, procurement, and construction company. They have finalized arrangements for a $5 million off-grid power plant in Nigeria. The UAE company will produce batteries that can work for long hours on solar panels, providing sustainable power solutions for houses, banks, and companies. This collaboration is a result of President Bola Tinubu's visit to the UAE, where ...
#newstr #Ngos #EnergySolutions #KwaraTechHub #SolarEnergy #Technology #PowerSupply
https://here.news/story/480c56e5?ver=0.1
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