The Nassarawa State Governor, Abdullahi Sule yesterday granted a special tax holiday for Renewable Energy Service Companies (RESCOs) developing mini-grids. He anchored the tax waiver on the benefits accruable to the communities from the investment. “There is a special tax holiday for renewable energy because it is a win-win situation for you and our communities…
Nigeria has ratified and adopted a road map for the Nigerian Electricity Supply Industry (NESI) by approving the National Integrated Electricity Policy( NIEP). The policy which had been ready since December 2024 and submitted to President Bola Ahmed Tinubu was ratified on Monday at the weekly Federal Executive Council (FEC) meeting. The policy is a…
An indigenous solar panel manufacturing company, LPV Technologies and the Rural Electrification Agency (REA) have partnered to halt capital flight occasioned by the importation of solar panels. Managing Director, REA, Engr. Abba Aliyu, who spoke during a facility tour of the company’s state-of-the-art solar panel production plant in Lagos, described LPV Technologies as one of…
The Rural Electrification Agency (REA), in partnership with the Lagos State government, is set to launch Nigeria’s first floating solar power plant, a landmark project to bridge the energy gap in the state. Unveiled during the Lagos Energy Summit, the initiative is part of a broader collaboration with the REA, culminating in the signing of…
Nigeria’s Power Generation Companies (GenCos) has threatened shutdown of operations due Federal Government’s failure to settle over N4 trillion invoices. This was contained in a press statement the GenCos Board of Trustees (BoT), Chairman, Col Sani Bello (rtd) issued in Abuja. The statement said the GenCos are constrained to issue the press release to “draw…
An indigenous solar energy company, LPV Technologies, has called for a radical shift in government policy with a call for a zero-import approach to solar panels, arguing that only through local manufacturing can Nigeria truly secure its renewable energy future. Speaking at a press briefing at its newly inaugurated facility in Lagos at the weekend,…
Schneider Electric has partnered Eko Atlantic City on smart, energy-efficient solutions in a sustainable way to transform urban areas. This strategic partnership aligns with United Nations SDG 11 of Building Sustainable Cities and Communities by ensuring Arica’s fastest-growing megacity is equipped with a reliable and resilient power infrastructure, setting new standards for smart and sustainable…
Managing Director, Rural Electrification Agency (REA), Engr. Abba Aliyu has said the Federal Government has approved the establishment of N500 million Renewable Asset Management Company targeted at raising N1 trillion for intervention in the industry in the absence of loans and grants. He spoke during the signing of a Memorandum of Understanding (MoU) with 10…
Schneider Electric has reaffirmed its position as an employer of choice, showcasing its commitment to promoting gender equality and accelerating employee growth from entry-level to leadership. The energy company which spoke to commemorate this year’s International Women’s Day (IWD) with Accelerate Action as theme, emphasizes the urgency of addressing systemic gender biases and taking swift…
