M a r k e t N e w s

European Union keen to invest US$165mn in Africa’s power sector

Posted on : Monday , 27th July 2015

 The European Union (EU) has revealed plans to invest US$165mn in Nigeria’s power sector, in a bid to improve access to electricity in the country

 
According to an EU representative Peter Cameron, the organisation is keen on investing in the West African nation’s energy sector by identifying problems within the sector as well as shortlisting potential projects that could help increase access to electricity. Specifically, Cameron added, solar energy topped the list of energy solutions that the EU was willing to explore.
 
EU representative Gerrit Clarke also reiterated that solar could be employed in the new partnership to improve access to electricity in Nigeria. In addition to exploring viable project options, Clarke said that the EU was also inspecting bottlenecks in the energy sector.
 
Meanwhile, the Chairman of Nigeria Electricity Regulatory Commission (NERC) Dr. Sam Amadi also revealed the possibility of using natural gas to enhance access to power. Specifically, the Nigerian National Petroleum Corporation (NNPC) is also being considered for discussions in order to boost on-grid power generation to 5,000MW in July.
 
Amadi explained further that such generation growth could move to 6,000MW and 9,000MW by 2016 when the East-West gas pipeline project would be completed. The project is expected to provide stable gas supply to power plants built under the National Integrated Power Projects (NIPPs).
 
“We are always grateful for such support to the sector. The obvious bottleneck is supply. Average generation is 3,800MWs currently. Two months earlier, we were low on supply due to vandalism as well as lack of supply from gas producers,” he said.
 
However, the NNPC has assured the NERC that gas supply will improve in the months to come, and by the end of the month, power generation could exceed 5,500MW.

Source : africanreview.com
Featured Companies
  • dubaiexporters.com

Complete List  

Advertisers in previous issue:

  • Bakery Equipment, Flour Mill, Bread Improver, Dried Fruit Processing machine
  • Manufacturing and marketing "aira" brand Valve Automation Products
  •  Magazine for Africa
  • Shenzhen City, Riland Industrial Co., Ltd. is China
  • South African incinerator and cremator designer and manufacturer making significant inroads into overseas markets.
  • A world leading name in Heat Transfer Technology
  • Vrushabh is one of the leading manufacturer and distributor of Conveyor Belts, Transmission Belts, Elevator Belts, PVC Belts.
  • Mini plants of toilet paper rolls production
  • We offers high quality, Competitive price and satisfied service always
  • Manufacturer of auxiliary equipments
  • Hevt Duty Machinery
  • Manufacturer refrigerated-type air dryer, desiccant air dryer and compressed air in-line filter.
  • Speco Ltd. is the leading manufacturer & supplier of Asphalt Mixing Plant, Concrete Batching Plant, Crushing Plant & Optimized Integrated Flue Gas Treatment System.
  • Leading manufactures and expoters of the electronic products
  •  SOVEMA is the worldwide leading supplier of machinery for lead-acid battery production.
  • Worthington Products is the World’s most trusted name when it comes to providing quality waterway barriers for Debris Control, Dam Safety, Ice-Booms, Fish Guidance
  •  JS Electromec Ltd,(JSE Ltd) are registered Electrical contractors and Suppliers of Lighting and Power solutions for residential, commercial and industrial applications in Tanzania.
  • BITZER ranks among the leading manufacturers of refrigerant compressors.
  • Sonmez Makina Ltd. is a manufacturer and exporter company for filling systems of domestic use LPG cylinders.
  • Seco actively contributes to improving your productivity and competitiveness in metal cutting machining.
  • Solarway is a forward thinking creative think tank that develops personalised and sustainable power solutions for people with limited or no access to power.
  • Luminous Power Technologies Limited is a leading company with a differentiated portfolio of solutions for packaged power, diversified generation, electrical control & safety and energy optimization.
  • Air Conditioning Hire
  • GM Electricals is a competitive wholeseller of broad range of electrical materials and equipments
  •  Ratan Projects & Engineering Co. Pvt. Ltd. is the flagship company of the Ratan
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2025 Afrotrade