President Muhammad Buhari had directed the Ministries of Power, the Finance Ministry and the Bureau of Public Enterprises (BPE) to commence with Siemens for the pre engineering and concessionary financing aspects of the Presidential Power Initiative (PPI)
Energy
Power sector spending to decrease by 10 per cent in 2020, says IEA
The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year – from fossil fuels to renewables and efficiency, according to the International Energy Agency (IEA)
‘COVID-19 crisis is hurting but not halting global renewable energy growth’
In 2020, the world is set to add 167GW of renewable power capacity this year, 13 per cent less than in 2019, according to the IEA’s Renewable Market Update report
Nigeria approves US$120mn to complete a dam
The Nigerian government has approved a loan of US$120mn to complete Kashimbila dam to boost power supply in the country and contribute additional 40MW to the national grid
HUBER+SUHNER launches RADOX HPC500
HUBER+SUHNER, one of the leading global suppliers of electrical and optical connectivity solutions, has launched the RADOX HPC500, a new addition to the RADOX high power charging portfolio