Marketers of liquefied petroleum gas (LPG) commonly known as cooking gas, have raised further concern on the Valued Added Taxes levied on gas produced in the country, calling for the federal government to remove such charges to enable the industry grow. The marketers who made the call in Ibadan at a one day seminar organised…
African cities are forecast to urbanise at a rate of 3.65% annually, adding nearly 350 million new city dwellers by 2030, according to the Brookings Institution. A billion more people are expected to be living in African cities by 2060, even as the continent’s rapid urbanisation and its infrastructure challenges are said to be making…
In a bid to diversify its energy sources and optimise other assets for power production, Nigeria is targeting 30 per cent of its energy needs from renewables by 2030. Mr Babatunde Fashola, the Minister of Works, Power and Housing, made the assertion in a keynote address at the 2018 pre-conference workshop of the Nigerian Association…
Construction of supporting infrastructure for the proposed 2100-megawatt Stiegler’s Gorge hydroelectric project on the Rufiji river is about to be completed. Completion of the basic infrastructure would signify the beginning in earnest of constructing the reservoir dam and main project just as soon. This was revealed to Energy minister Medard Kalemani in Dodoma by the…
Egypt is set to build the world’s largest clean-coal plant. A Chinese conglomerate beat the US General Electric and a Japanese firm for a $4.4bn project at Hamrawein that will generate close to seven gigawatts of power or 40 per cent more than South Africa’s new station at Medupi, and dwarfing output from the turbines…
The state-owned National Fuel Society (Sonangol) is undergoing a restructuring process which will reduce the company’s structure through the sale of some of its assets and branches, with a view to making it become more robust and efficient. Last Thursday, Sonangol launched in Luanda its “Regeneration Programme”, which will cost the company 40 million euros…
The Energy Regulatory Commission (ERC) seeks to establish a fund to cushion operators of mini-grids from high costs as part of regulations to encourage investors to generate, transmit and sell electricity in remote areas at affordable retail prices. According to the Daily Nation, ERC director general Pavel Oimeke said the establishment of a fund would…
The multi-million dollars local gas cylinder manufacturing sub-sector in Nigeria is facing the rocks, threatening geometric growth recorded in the Liquefied Petroleum Gas (LPG) also known as cooking gas sector. The difficulty buoyed by Federal Government’s inaction to end over N1 trillion average annual investments on fuel subsidy has, according to the Nigerian Liquefied Petroleum…
The Managing Director of Pipeline and Products Marketing Company (PPMC), Umar Ajiya, has given a recipe on how to stop smuggling of fuel among the West Africa sub -region. He spoke at the recent OTL Africa Downstream Energy Week in Lagos, where he suggested the need for significant investment to bridge the supply gap in…
Russia is planning to sign a partnership agreement with the Organisation of Petroleum Exporting Countries (OPEC), Energy Minister Alexander Novak said on Monday. Novak said the deal would be discussed at the OPEC December 6 meeting. On September 11, Novak had said that he believed OPEC and their allies within the production cut alliance should…
