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Energy Finance & Investment News in Nigeria

IPPToday #231: MoU signed for US$1 billion renewable projects in West Africa

IPPToday #231: MoU signed for US$1 billion renewable projects in West Africa

🕔Jun 13, 2018

Multinational renewables developer Gigawatt Global Cooperatief has signed a Memorandum of Understanding with the Economic Community of West African States (ECOWAS) to invest US$1 billion in renewable energy projects in the region.

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Inspired Evolution invests US$36 million in solar PV projects in sub-Saharan Africa

Inspired Evolution invests US$36 million in solar PV projects in sub-Saharan Africa

🕔Feb 16, 2018

Inspired Evolution has signed a deal to invest up to US$36 million in Alten RE Developments Africa B.V., the sub-Saharan Africa-focused subsidiary of Alten Energías Renovables. The investment by Inspired Evolution’s Evolution II Fund will expand Alten Africa’s existing solar photovoltaic development platform across sub-Saharan Africa.

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Burkina Faso, Mali and Ghana Ministers of Energy to join TOTAL, CI-GNL, RLSF, APUA, ANARÉ and WAGPA at the Regional Energy Co-operation Summit in Côte d’Ivoire this January

Burkina Faso, Mali and Ghana Ministers of Energy to join TOTAL, CI-GNL, RLSF, APUA, ANARÉ and WAGPA at the Regional Energy Co-operation Summit in Côte d’Ivoire this January

🕔Jan 10, 2018

With confirmed participation of H.E Honourable Malick Alhousseini, H.E Honourable Professor Alfa Oumar Dissa, Ghana’s Ministry of Energy, Autorité Nationale de Régulation du Secteur de l'Electricité (Anaré), TOTAL, CI-GNL, Regional Liquidity Support Facility (RLSF) and West Africa Gas Pipeline Authority Company (WAGPA), the fast approaching Regional Energy Co-operation Summit 2018 will establish the roadmap for sustainable electricity trade in ECOWAS’ booming gas and energy markets.

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 Nigeria approves US$2.8 billion gas pipeline

Nigeria approves US$2.8 billion gas pipeline

🕔Dec 27, 2017

The Federal Executive Council (FEC) of Nigeria has approved the US$2.8 billion Ajaokuta–Kaduna–Kano (AKK) gas pipeline project. The 40-inch pipeline will span 614km.

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Nigeria issues EOI for a hydropower plant concession

Nigeria issues EOI for a hydropower plant concession

🕔Jul 13, 2017

The government of Nigeria has issued a request for expressions of interest (EOI) for the operation and maintenance of a hydropower plant located in Kaduna State.

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InfraCo Africa invests $1.65 million in Nigerian solar project

InfraCo Africa invests $1.65 million in Nigerian solar project

🕔Apr 24, 2017

InfraCo Africa has signed a Convertible Loan Agreement (CLA) with Access Quaint Solar Nigeria Ltd which commits InfraCo Africa (part of the Private Infrastructure Development Group) to provide US$1.25 million to co-finance the development of the Abiba Solar project through to financial close.

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NBET signs off key deals for a 120 MW solar portfolio in Nigeria

NBET signs off key deals for a 120 MW solar portfolio in Nigeria

🕔Apr 21, 2017

Nigerian Bulk Electricity Trading Plc (NBET) coordinated the signings of Nigeria’s Minister of Power Works and Housing, Babatunde Fashola, with solar developers Afrinegia Nigeria Limited and CT Cosmos Nigeria Limited on two put and call option agreements (PCOAs).

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Nigeria signs PPA for 550 MW Kingline Ondo power plant

Nigeria signs PPA for 550 MW Kingline Ondo power plant

🕔Sep 26, 2016

The government of Nigeria has signed a Power Purchase Agreement (PPA) with Kingline Development Nigeria Limited for the power generated by the 550 MW power generation IPP project.

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Scatec Solar secures 100 MW solar project in Nigeria

Scatec Solar secures 100 MW solar project in Nigeria

🕔Aug 18, 2016

Scatec Solar has signed an agreement with CDIL and BPS securing the 100 MW Nova Scotia Power plant located in Jigawa State, Nigeria. This agreement was announced in connection with Scatec Solar’s second quarter results.

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Nigeria signs PPA for 925 MW of solar projects

Nigeria signs PPA for 925 MW of solar projects

🕔Jul 15, 2016

Nigeria has signed power purchase agreements (PPA) for solar PV projects in the country. Government-owned Nigerian Bulk Electricity Trading Plc.(NBET) will be the power purchaser of the solar projects. 

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Chinese firm to develop 100 MW solar project in Nigeria

Chinese firm to develop 100 MW solar project in Nigeria

🕔Jul 1, 2016

Sokoto State Government of Nigeria has signed a Memorandum of Understanding (MoU) with Chinese-based Kunming Engineering Corporation for the development of a 100 MW solar plant in order to improve power supply and enhance industry development in the country.

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Azura-Edo Independent Power Project reaches financial close and enters construction

Azura-Edo Independent Power Project reaches financial close and enters construction

🕔Jan 18, 2016

Azura Power West Africa Limited, a 450 MW gas-fired independent power project (IPP) in Nigeria, has reached financial close and has entered in the construction phase.

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Infraventures to co-develop solar power plant in Nigeria

Infraventures to co-develop solar power plant in Nigeria

🕔Dec 15, 2015

Last week, IFC, a member of the World Bank Group, signed a Joint Development Agreement with Alten’s Middle Band Solar One Limited, a Nigerian solar power project company, to co-develop a 120 MW peak photovoltaic solar power project with a consortium of developers.

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Access Infra Africa to back solar projects in Nigeria and Cameroon

Access Infra Africa to back solar projects in Nigeria and Cameroon

🕔Nov 16, 2015

Access Infra Africa, a developer, owner and operator of power assets in Africa, has announced Quaint Solar Energy from Nigeria and Flatbush Solar from Cameroon as the winners of the inaugural Access Co-Development Fund (ACF)

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MIGA Guarantee covers Seven Energy’s investment in mid-stream Infrastructure in Nigeria

MIGA Guarantee covers Seven Energy’s investment in mid-stream Infrastructure in Nigeria

🕔Oct 28, 2015

The Multilateral Investment Guarantee Agency (MIGA) along with Seven Energy International Limited, announces its first engagement in Nigeria's gas sector.

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Accugas arranges $445 million senior debt facility

Accugas arranges $445 million senior debt facility

🕔Jul 14, 2015

Seven Energy International Limited has entered into a senior debt facility totalling up to US$445 million for Seven Energy’s indirect wholly-owned subsidiary, Accugas Limited.

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Nigeria’s Ondo state sign $500 million power plant

Nigeria’s Ondo state sign $500 million power plant

🕔Jul 1, 2015

The Ondo State government, Nigeria, and Kingline Development Limited have signed the 500 MW Kingline Ondo IPP project in the Ondo State International Industrial Park, Omotoso.

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Blackstone’s Black Rhino appoints Chairman of Board of Directors

Blackstone’s Black Rhino appoints Chairman of Board of Directors

🕔Jun 23, 2015

Blackstone and Black Rhino have announced the appointment of His Highness Emir Muhammad Sanusi II to join Black Rhino’s Board of Directors as Chairman.

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Macquarie’s African Infrastructure Investment Managers backs Joule Africa

Macquarie’s African Infrastructure Investment Managers backs Joule Africa

🕔May 13, 2015

International power developer, Joule Africa, and leading infrastructure equity investment manager, African Infrastructure Investment Managers (AIIM) have entered into an agreed framework that provides AIIM the opportunity to become a major equity investor in the power projects being developed by Joule Africa.

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Eland Oil & Gas receives loan facility from Standard Chartered Bank

Eland Oil & Gas receives loan facility from Standard Chartered Bank

🕔Dec 10, 2014

Eland, an oil & gas production, development and exploration company operating in West Africa with a principal focus on Nigeria, has satisfied all the conditions precedent to access its US$22 million loan facility with Standard Chartered Bank.

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