Electricity generation companies in the country have said their power plants are being forced to operate below their optimal capacity levels. The nation’s total power generation has been hovering between 3,000 megawatts and 3,500MW in recent months. It stood at 3,741.30MW as of 6am on Sunday, according to the Nigeria Electricity System Operator. The Executive…
Vice President, Prof. Yemi Osinbajo has said the federal government would provide off-grid electricity to power business clusters across the country to support them to create jobs and wealth. The vice president stated this, yesterday, as he inaugurated a 1.5 megawatts (MW) independent mini grid power supply system to provide electricity at Sura Shopping Complex…
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, at the weekend said two modular refineries would be commissioned in Delta and Rivers states in December. Speaking at the 2018 graduation of the Petroleum Training Institute (PTI) Effurun, he added that government had issued licences for 38 of the facilities currently at different stages…
The cost of renewable energy sources like wind and solar continue to fall drastically, and it is only a matter of time before they are cheaper than fossil fuels. The International Renewable Energy Agency (IRENA) believes that’ll happen by 2020 based on their new report. Prices could be as low as three cents per kilowatt-hour…
Dr. Wiebe Boer, the Chief Executive Officer of All On, an off-grid energy investment company which is focused on the Nigerian market and set up and funded by Shell, in a recent interview noted that the electricity distribution companies (Discos) may end up like NITEL if they don’t invest in technologies and customer engagement. On…
Aldusar Gas Nigeria Limited has entered into a mutual agreement with the Katsina State Government and the state chapter of the Nigeria Labour Congress (NLC) to provide cooking gas, cylinders and other equipment to civil servants. The workers are to repay for the items in three installments. The aim of the agreement is to discourage the…
Dr. Yasmine Fouad, the minister of the environment has held a press conference in the presence of Dr. Cristiana Paşca Palmer, the executive secretary of the United Nations Convention on Biological Diversity, in which the minister displayed there under the technical and logistic elaboration relevant to the Conference of Parties (COP 14), that will be…
The Board of the Green Climate Fund (GCF) has approved funding for three proposals from the African Development Bank totaling over US$110 million. The approvals were granted at the GCF’s 21st Board Meeting held October 17 – 20 2018 in Manama, Bahrain. Overall, the GCF Board, which was co-chaired by Paul Oquist from Nicaragua, and…
President Muhammadu Buhari says Nigeria is too big and too diverse to blindly sign agreements without understanding the consequences of such actions. The president said this when he received representatives of the Lagos Chamber of Commerce and Industry (LCCI), led by its president, Babatunde Ruwase, at the presidential villa, Abuja, on Friday. Buhari used the…
The Nigerian Petroleum Development Company (NPDC), an Upstream Subsidiary of the Nigerian National Petroleum Corporation (NNPC), has achieved a 100 per cent local content input in the development of Oredo Integrated Gas Handling Facility. NNPC Group Managing Director, Dr. Maikanti Baru, declared this Wednesday during a tour of the NPDC’s Oredo Flow Station, Oredo Gas-to-Pan-Ocean…
