General
Nigeria Inaugurates Mini Grids Programme to Expand Clean Energy Access
By Adedapo Adesanya
The Rural Electrification Agency (REA) has inaugurated the Africa Mini Grids Programme (AMP) to support access to clean energy in Nigeria.
Mr Ayang Ogbe, the Director of Promotions at REA, said this in a statement in Abuja, noting that the four-year project was being funded by the Global Environment Facility (GEF) and supported by the United Nations Development Programme (UNDP) in Nigeria.
He said that the programme aims to increase the financial viability and promote scaled-up commercial investment in renewable energy mini-grids, focusing on cost-reduction levers and innovative business models.
According to him, the renewable energy mini-grids are with a focus on cost-reduction levers and innovative business models.
“The programme is active in 21 African countries, and the Nigeria national project implemented by the REA is the first to commence implementation following the official inauguration at an inception workshop.
“The workshop was hosted in collaboration with representatives from the UNDP, GEF, Federal Ministries of Power, Environment and Agriculture as well as other key stakeholders in the rural development space,” he said.
Mr Ogbe said that the Africa mini-grids programme in Nigeria was designed as an enabler project of the REA’s Energising Agriculture Programme (EAP).
He said that EAP aims to advance one of REA’s strategic priorities of focusing on the unserved and underserved to increase economic opportunities.
”Through agriculture and productive sectors in rural communities across the country, this objective is in line with the mandate of the REA to catalyse economic growth and improve the quality of life for rural Nigerians.
Speaking on the project, Mr Mohamed Yahya, the UNDP Resident Representative in Nigeria, said that the UNDP was delighted with the inauguration of the Africa mini-grids programme in Nigeria with the REA as the project’s implementing partner.
He said, “access to reliable, sustainable, affordable energy is a catalyst to socio-economic development, and in achieving the Sustainable Development Goals (SDGs).”
“By scaling up solutions such as renewable energy mini-grids, we will be able to close the energy access gap and unlock opportunities for people in Nigeria and across the region,” he said.
On his part, Mr Jonah Stanley, GEF Operational Focal Point at the Federal Ministry of Environment, emphasised the significance of the programme, which he sees as central to issues.
“Such as security, climate change, food production and strengthening economies while protecting ecosystems.”
The statement quoted the Managing Director of the REA, Mr Salihijo Ahmad, “commending the collaborative spirit of the agency’s partners and stakeholders that enabled the activation of the programme.”
Mr Ahmad said that the Africa mini-grids programme would serve as another catalyst for improved access to sustainable energy and equitable and inclusive impact on livelihoods by unlocking agricultural value addition opportunities from electrification.
He said, “this sectoral approach is in line with the agency’s focus on programmes to advance the electrification targets and broader social and economic development objectives of the Federal Government of Nigeria.”
The statement also quoted Mr Sanusi Ohiare, the Executive Director, Rural Electrification Fund (REF) at the REA as saying, “there is the need to enhance the viability of mini-grids and the impact of electrification”.
“To this end, the programme will deploy pilot mini-grids to achieve the electrification of rural communities and agricultural value chain.”
Mr Ohiare said that the project would also establish the most appropriate solutions and business models while amplifying the knowledge gained to catalyse private investment.”
The AMP in Nigeria will contribute to SDG 7, which is (Affordable and Clean Energy), Goal 13 (Climate Action) and Goal 5 (Gender Equality), with an estimate of 70,063 direct project beneficiaries, out of which 34,559 are women.
General
Watt Renewable Secures $15m Loan for Hybrid Solar Power Plants in Nigeria
By Dipo Olowookere
A $15 million debt facility has been obtained by Watt Renewable Corporation from the AfriGreen Debt Impact Fund to finance hybrid solar power plants to be built and operated by the former, especially in Nigeria.
WATT intends to use the projects to serve commercial and industrial clients in Nigeria, particularly in the telecommunication and financial services sectors.
By integrating solar hybrid solutions, the firm aims to significantly reduce diesel consumption and CO2 emissions, enabling its clients to achieve substantial energy cost savings while promoting environmental sustainability.
As a pioneer in renewable energy solutions, WATT continues to drive innovation in Nigeria’s energy sector.
The company’s robust roll-out plan includes deploying hundreds of hybrid solar power sites nationwide to meet the growing energy demands of commercial & industrial clients.
This strategic expansion aligns with WATT’s vision to revolutionize energy access across Africa, enabling sustainable development and reducing reliance on fossil fuels.
The funds from AfriGreen provide the critical capital needed to accelerate WATT’s ambitious projects, strengthening its market position and empowering businesses with reliable and affordable energy solutions.
Business Post gathered that to mitigate the currency risk for WATT in the event of devaluation of the Nigerian Naira, AfriGreen is offering a local currency facility that matches the payment structure of the power purchase agreements.
“We are thrilled to partner with AFRIGREEN on this transformative journey to expand reliable and sustainable energy solutions across Africa.
“With this support, it enables us to accelerate our shared mission of providing hybrid solar power to businesses, reducing carbon emissions, and supporting economic growth while enhancing energy security for our clients,” the Managing Director of WATT, Mr Oluwole Eweje, said.
“We are delighted to support WATT in rolling out hundreds of hybrid sites across the country.
“This represents another key transaction for AFRIGREEN in Nigeria. The combination of high energy prices, good solar irradiation, and strong demand from industrial and commercial energy users makes this market particularly attractive for companies like WATT.
“By leveraging these favourable market conditions alongside WATT’s exceptional operational performance and a well-structured financing solution, we are setting the stage for a strong and lasting business partnership,” the Managing Director of AfriGreen, Mr Alexandre Gilles, stated.
General
NMDPRA Denies Restricting Gas Supply to Gencos
By Adedapo Adesanya
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has denied issuing a directive that gas supply to power generating companies (GenCos) be halted.
In a statement on Wednesday, the authority also denied instructing wholesale gas suppliers to stop further supply of gas to companies due to failure in payment obligations.
The NMDPRA described reports stating that it has directed the stoppage of gas supply to GenCos over N2 trillion debt as “false and completely unfounded”.
“It has absolutely no bearing on the information shared at a recent stakeholders’ engagement held in Lagos between the Authority, the OPTS, IPPG and other stakeholders in the oil and gas industry,” the NMDPRA said.
“The purpose of the engagement was to sensitise stakeholders on the requirements, opportunities and benefits associated with the implementation of the wholesale supply license as provided by sections 142 and 197 of the Petroleum Industry Act (PIA) 2021.
“It was a follow-up to an earlier stakeholder engagement held at the NMDPRA corporate headquarters in Abuja on November 27, 2024.
“The Authority wishes to reassure all our stakeholders and indeed the general public that at no time was the false statement made at that event and anywhere else, and are advised to completely disregard the publication as every effort is being made to ensure that the supply and distribution of natural gas and petroleum products to end users is seamless and unabated as we head into the festive season and indeed all through the coming year 2025.”
Recall that Nigeria’s national grid experienced another collapse on Wednesday, the 11th time in 2024 as Gencos couldn’t generate enough power, compounding issues facing the Nigerian power sector.
This was the first time in over a month as the last time the nation witnessed a nationwide shutdown in electricity supply was on November 7, 2024.
Before then, the country was experiencing an incessant collapse of the grid, which prompted the federal government to set up a team to address the issue.
General
Power Outage in Nigeria as National Grid Collapses
By Aduragbemi Omiyale
Nigeria is currently experience a cut in power supply after the national grid collapsed for the 11th time in 2024.
This is the first time in over a month as the last time the nation witnessed a nationwide shut down in electricity supply was on November 7, 2024.
Before then, the country was experiencing an incessant collapse of the grid, which prompted the federal government to set up a team to address the issue.
However, just when Nigerians were thinking they will not witnessed another national grid collapse in the year, it issue reared its ugly head again.
On Wednesday afternoon, most of the energy distribution companies suffered power outage, prompting them to inform their customers of the situation.
One of the DisCos, Ikeja Electric Plc, in a message to electricity consumers under its franchise area, said, “Please be informed that we experienced a system outage today, December 11, 2024, at about 13:32 hours affecting supply within our network.
“Restoration of supply is ongoing in collaboration with our critical stakeholders. Kindly bear with us.”
Recall that on Tuesday, in a report, Google listed national grid as one of the top trending searches by Nigerians this year.
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