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Offline abejoye

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The Rural Electrification Agency
« on: May 05, 2018, 07:13:41 PM »
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2. The Rural Electrification Agency (REA) is rolling out the 'Energising Economies Initiative', to provide clean and reliable power (to strategic economic clusters in Nigeria. A pilot project has commenced in 4 locations:
- Sabon Gari Market, Kano State (12,000 shops) (Solar)
- Ariaria Market, Abia State (31,000 shops) (A gas-fired plant fueled by Compressed Natural Gas)
- Somolu Printing Community, and Sura Shopping Complex, both in Lagos.

*Metering:* NERC has published Regulations that will provide the framework to license a new class of meter providers to complement the efforts of DisCos to supply meters to citizens. Download the Draft Regulations here

*Azura Power:* At the beginning of February, Minister of Power, Works and Housing, Babatunde Fashola, paid an inspection visit to the 450MW Azura Independent Power Plant in Benin, Edo State. Azura's 1st turbine was synchronised to the national grid on December 20, 2017, seven months ahead of schedule. Two days later, that 1st turbine hit its base load of 150MW. In March 2018, the last of the Plant's 3 turbines was synchronised to the grid. On April 13, 2018, Azura performed its first whole-plant run: all 3 turbines (450MW) were put on-grid simultaneously. The Plant is expected to commence full operations (at full generation capacity) by the middle of 2018.

Recall that work on the privately-funded and owned Azura Plant was stalled prior to the emergence of the Buhari administration because certain approvals and agreements required to source for funds remained unsigned by the Federal Government, for more than a year. President Buhari finally signed upon assumption of office, enabling the investors to commence construction.

*DOCUMENTARY* // Watch a documentary on roads, by the Federal Ministry of Works, Power and Housing entitled ‘Roads to Progress... A Special Documentary on Roads in Nigeria’, here

https://www.youtube.com/watch?v=wkkl_GVfYxA&feature=youtu.be&a%C2%A0=

*HOUSING* // The Federal Ministry of Power, Works and Housing is piloting a National Housing Programme and currently constructing in 33 States of Nigeria. The aim of this pilot is to validate and test what type of housing designs respond to Nigeria’s diverse cultural, climatic and religious needs, so as to ascertain what is acceptable and affordable.

*RAIL* // The Federal Executive Council (FEC) has approved a contract worth US$6.7 billion for the construction of the Ibadan—Kaduna standard gauge railway project. The project will be funded by the China Exim Bank. This Contract complements the one earlier awarded to connect Kaduna—Kano. Included in the US$6.7bn Ibadan—Kaduna line project is a new line that will connect Osogbo to Ado-Ekiti, and bring Ekiti State into the national rail network. (Construction has since started on the Lagos—Ibadan leg of the standard gauge rail project, flagged off by Vice President Osinbajo in March 2017).

 
Sukuk Bond Infrastructure Projects

The Federal Government issued its debut Sovereign Sukuk of N100 billion in September 2017. The Sukuk bond, oversubscribed to the tune of N105.87 billion, has a tenor of seven years.

In October 2017, the Federal Government released the proceeds of the N100 billion Sukuk bond to 25 key economic road projects of the Federal Ministry of Power, Works and Housing across the country.




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The Rural Electrification Agency
« on: May 05, 2018, 07:13:41 PM »


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