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Huawei launches its Next-Generation Mini Grid Solution iPowerCube-S in Nigeria

Apr 22, 2021 L-R: Mr. Oluwatobi Soyombo, Chief Growth Officer, Havenhill Synergy Limited; Mr. Michael Zhuang, Huawei Nigeria Enterprise Business Managing Director; Dr. Sanusi Ohiare, Executive Director, Rural Electrification Fund (REF) Share Huawei has launched its Next-Generation Mini Grid “iPowerCube-S” solution to provide reliable, green, affordable power supply for people’s livelihoods and production in areas without main power connection or unstable power supply. This iPowerCube-S is a distributed power solution that integrates solar, grid, diesel generator and battery storage. It features one-stop delivery, fast deployment, and optimal LCOE (Levelized Cost of Electricity). The launch conference, which held in Abuja, Nigeria at the Huawei office, on the 21st of April, 2021 was witnessed on-site by the representative of the Managing Director of Rural Electrification Agency (REA), Engr. Ahmad Salihijo, in person of the Executive Director, Rural Electrification Fund (REF)

IL&FS sells its environment business, reduces debt by Rs 1,200 cr

IL&FS sells its environment business, reduces debt by Rs 1,200 cr ​ By IANS | ​ 4 Views IL&FS. (File Photo: IANS). Image Source: IANS News Mumbai, April 7 : IL&FS has sold its stake in IL&FS Environmental Infrastructure & Services Limited (IEISL) and its subsidiaries to EverEnviro Resource Management Private Limited (EverEnviro), a 100 per cent owned subsidiary of the Green Growth Equity Fund (GGEF), a climate fund, managed by EverSource Capital. This sale will reduce the overall debt of IL&FS by Rs 1,200 crore, which is the combined debt of entities under IL&FS environment businesses, IL&FS said in a statement. IL&FS, as the promoter shareholder of IEISL, held 97.54 per cent of equity shares of the company. The balance 2.46 per cent was held by IL&FS Employee Welfare Trust. The entire shareholding in IEISL, held by IL&FS Group, has been transferred to EverEnviro.

Several projects moving at a snail s pace due to govt apathy: Panabaka

Updated: April 07, 2021 23:35 IST ‘NBPPL plant at Mannavaram is on the verge of closure; 75% jobs promised for local youth a myth’ Share Article AAA TDP candidate Panabaka Lakshmi speaking at a comparative study of the developmental projects, in Tirupati on Wednesday.   ‘NBPPL plant at Mannavaram is on the verge of closure; 75% jobs promised for local youth a myth’ Former Union Minister and TDP candidate for the Tirupati (SC) Lok Sabha constituency has lamented the sluggish progress of projects sanctioned during her stint at the Centre. “In fact, several projects have either remained non-starters, or got stuck in the middle,” Ms. Lakshmi said while addressing a meeting on Wednesday.

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