World Bank offers $486 million for the improvement of the Nigerian power grid

16/02/2018 15:40 Electricity Market


World Bank decided to lend 486 million dollars for the improvement of the Nigerian power grid.

The Bank affirmed that the investments under the Nigeria Electricity Transmission Project will boost the power transfer capacity of the transmission network and will allow distribution firms to offer consumers additional electricity.


Nigeria’s power sector is regularly criticized as economists consider that it holds back the economic growth of the state.


Frequent blackouts occur in many households and enterprises, and many rely on their own power generators that are very costly to run.

Daily (25.02.2021): Carbon EUAs gained 1.2% on Wednesday amid a rising energy market

25/02/2021 10:49:00

Crude prices continued to climb on Wednesday, supported by a decline in US oil supply after a historically cold weather hit the country's main oil regions. As a result, Brent crude increased by 2.6% to $67.04 a barrel and WTI oil rose by 2.5% to $63.22 a barrel.


Ukraine warns of reduction in Russian gas flows to Europe amid high energy demand

25/02/2021 09:08:00

Russian state-controlled gas monopoly Gazprom is to reduce gas transit volumes across Ukraine to Europe, despite high demand on the continent due to persistent cold weather.


US power generation by renewables exceeded 20% in 2020

25/02/2021 09:01:00

Electrical generation by US wind and solar set new records in 2020. In fact, it was 16.7% greater in 2020 than a year earlier, according to a SUN DAY Campaign analysis of new data just released by the US Energy Information Administration (EIA).