Business A.M
No Result
View All Result
Wednesday, February 18, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Energy

Power ministry, firm sign 1.52MW solar plant deal

by Admin
May 28, 2019
in Energy, Oil and Gas
EM-ONE Energy Solutions has signed a contract with the Federal Ministry of Power, Works and Housing to design and install a 1.52 megawatts solar plant with a battery storage capacity of 2.26 megawatt-hours.
The solar power plant will be mounted on carport and rooftop canopies and will generate 2.45 gigawatt-hours of energy annually, reducing the ministry’s energy dependence on non-renewable power source by 71 per cent and reducing carbon dioxide generation by 2,600 tonnes, according to a statement on Monday.
It said EM-ONE would also complete an electrical retrofit on four office buildings within the ministry’s headquarters for energy efficiency upgrades, adding that the retrofit would replace old electrical appliances and connections with energy efficient ones, reducing the complex’s consumption by 40 per cent.
The advanced microgrid and energy storage system for the project is provided by a United States firm, Tesla, while the energy efficiency components are provided by Schneider Electric, according to the statement.
The Minister of Power, Works and Housing, Babatunde Fashola, was quoted as saying that the project would make the ministry the first of Federal Government’s office complexes to use renewable energy as its primary power source.
“Once completed, the system will save millions of naira every year on a cleaner and more reliable power supply. This forms part of the Federal Government’s commitment to renewable energy and mini grid policy,” he added.

The Chief Executive Officer, EM-ONE, Mir Islam, said, “This is an exciting project for EM-ONE; we have a vision of

making Nigeria an energy-surplus country by developing self-sustaining energy producers that not only generate electricity for their own consumption but also export additional energy to the national grid.
“We are looking forward to working with the ministry and our valued technology partners on this pioneering project.”
Admin
Admin
Previous Post

2019 Budget: NASS’ increase created funding gap of N102.83bn, Udoma reveals

Next Post

Ghana’s Debt at Highest in Four Years as Revenue Undershoots

Next Post

Ghana's Debt at Highest in Four Years as Revenue Undershoots

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

February 18, 2026
FairMoney expands SME credit access to boost financial capacity

FairMoney expands SME credit access to boost financial capacity

February 18, 2026
Logistics coordination is a structural efficiency reform, not luxury —Scott Dubin, Logistics Marketplace

Logistics coordination is a structural efficiency reform, not luxury —Scott Dubin, Logistics Marketplace

February 18, 2026
Ladi, rising on global tech space

Ladi, rising on global tech space

February 18, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • What’s Behind the Fourth-Quarter Earnings Dip?

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

February 18, 2026
FairMoney expands SME credit access to boost financial capacity

FairMoney expands SME credit access to boost financial capacity

February 18, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M