National Economy
Wednesday, July 16, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Business

ENGIE/Crossboundary’s $60m Mini-Grid Finance Deal Wins Award

by Justin Ibeh
3 years ago
in Business, News
Reading Time: 2 mins read
Osinbajo-2022-12-13T063049.469
Share on FacebookShare on TwitterShare on Telegram

ENGIE Energy Access Nigeria’s $60 million project finance agreement with CrossBoundary Energy Access (CBEA) has won the Transaction of the Year (Renewable Energy/Off-Grid) award at the 2022 Nigeria Power Sector Awards.

The deal is expected to build a portfolio of mini-grids connecting over 150,000 people to electricity in Nigeria.

In October, CrossBoundary Energy Access and ENGIE Energy Access Nigeria, signed the largest mini-grid project finance transaction in Africa to build a pipeline of mini-grids in Nigeria over the next four years.

In a statement by ENGIE Energy Access Nigeria, over 150,000 people in communities that have never been connected to the national grid will now be supplied with electricity.

You May Like

‘Nigeria’s BRICS Membership Will Unlock Global Markets For Local Innovators’

Customs Arrests India-bound Passenger With $29,000 At Lagos Airport

A former Nigeria’s minister of power, Prof. Bart Nnaji, performed the formal presentation of the award to the company, which was received by head of mini-grids, ENGIE Energy Access Nigeria, Onyinye Anene-Nzelu.

Commenting on the award, managing director, ENGIE Energy Access Nigeria, Bankole Cardoso said the award was significant because it acknowledged the efforts by the company to deploy innovative solutions to solve the problems of low access to electric power in unserved and underserved communities in Nigeria and Africa as a whole, especially in the off-grid communities.

‘‘We are very happy to receive this prestigious award and we thank the organisers for this recognition. Inadequate funding is a significant barrier to bridging the energy access gap and our partner CrossBoundary Energy Access (CBEA) has consistently demonstrated an ability to raise funds in this very important sector. We are glad to be executing this project with them and to have closed this deal, ’’ he said.

Chief executive officer of ENGIE Energy Access, Gillian-Alexandre Huart, noted that on the back of the award and the important work of bridging Africa’s energy gap, the company would continue to invest in research and development with a view to coming up with more innovative, cost-effective solutions to the energy challenges across Africa.

‘‘Creating access to reliable electricity for people, families and businesses is key to bolster economic growth and improved livelihoods. This award is a further motivation for us to continue to lead from different fronts and with relentless efforts to chart the way forward for the energy sector in Nigeria, and Sub-Saharan Africa,’’ he stated.

 

 

ShareTweetShare
Previous Post

Winners Emerge In Annual SuperYogo Competition

Next Post

‘An Audacious Christmas: How ALAT Is Putting Fun In December For Everyone’

ANOTHER GOOD READ

‘Nigeria’s BRICS Membership Will Unlock Global Markets For Local Innovators’
News

‘Nigeria’s BRICS Membership Will Unlock Global Markets For Local Innovators’

2 days ago
Customs Arrests India-bound Passenger With $29,000 At Lagos Airport
News

Customs Arrests India-bound Passenger With $29,000 At Lagos Airport

2 days ago
Bolt Engages Riders, Policymakers On Safer Urban Mobility
News

Bolt Engages Riders, Policymakers On Safer Urban Mobility

2 days ago
Energy Stakeholders Discuss Funding For Local Industry Players
News

Energy Stakeholders Discuss Funding For Local Industry Players

2 days ago
Netherlands Renegotiates Double Taxation Agreement With Nigeria
News

Netherlands Renegotiates Double Taxation Agreement With Nigeria

2 days ago
FIRS, AFRITAC West 2 Deepen Collaboration On Taxpayer Services, Digital Reforms
News

FIRS, AFRITAC West 2 Deepen Collaboration On Taxpayer Services, Digital Reforms

2 days ago
Next Post
‘An Audacious Christmas: How ALAT Is Putting Fun In December For Everyone’

'An Audacious Christmas: How ALAT Is Putting Fun In December For Everyone'

Most Recent

Where Is The Fighting Ground Of Fintech Firms?

Where Is The Fighting Ground Of Fintech Firms?

July 14, 2025
FIFA Opens Office In Trump Tower

FIFA Opens Office In Trump Tower

July 14, 2025
Delta Gears Up For Groundbreaking CNS Swimming Championship

Delta Gears Up For Groundbreaking CNS Swimming Championship

July 14, 2025
Jeremiah, Sani-Inabo Advance To VEMP Doubles Quarterfinals

Jeremiah, Sani-Inabo Advance To VEMP Doubles Quarterfinals

July 14, 2025
WAFCON 2024: Super Falcons Battle Botswana, Eye Quarter-Final Spot

WAFCON 2024: Super Falcons Battle Botswana, Eye Quarter-Final Spot

July 14, 2025
Between Depleting Workforce And Declining Productivity

Between Depleting Workforce And Declining Productivity

July 14, 2025
Driving Aviation Growth Through Regional Collaboration

Driving Aviation Growth Through Regional Collaboration

July 14, 2025
PalmPay Targets 35m People With Digital Insurance Services

PalmPay Targets 35m People With Digital Insurance Services

July 14, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy