Shell rewards energy entrepreneurs
Ngozi Deborah Atalor, a Shell Nigeria LiveWIRE entrepreneur has emerged winner of the pitching competition for young Nigerian entrepreneurs in alternative energy business...
$550m Ondo power plant: PPA will boost investors’ confidence, improve national grid by 550MW
The Power Purchase Agreement (PPA) between Kingline Development (KLD) and Nigeria Bulk Electricity Trading Plc (NBET) for construction of 550Mega Watts(MW) plant valued at 550million dollars will boost confidence of would-be investors in the project.
World Bank proposes $1billion for FG’s power reform
The Word Bank has its renewed commitment to support the Federal Government’s Power Sector Recovery Programme (PSRP), with a proposed $1billion Performance Based Loan (PBL).
Firm boosts electricity supply to households
Burdened by the inadequate electricity supply to households in Nigeria, an indigenous oil firm, has commissioned off-grid power solutions in Nigeria.
USADF to fund $3m access to energy in Nigeria
The U.S. African Development Foundation (USADF) and All On, have announced the creation of a $3million partnership with the goal of expanding access to energy for underserved and un-served markets in Nigeria.
GE, Mainstream sign N8.3 billion fresh Kanji power plant expansion deal
Mainstream Energy Solutions Limited (MESL), the concessionaire in the Kainji and Jebba hydro power plants, yesterday signed a $26 million (about N8.3 billion) rehabilitation agreement with GE Electric (GE) for the upgrade and expansion of the Kainji Turbine Generator unit 1 G 7.
Petrolex Group to launch sub-Saharan Africa’s largest tank farm
Petrolex Oil and Gas Limited, Africa’s emerging indigenous energy giant, is set to launch its ultra-modern tank farm facility on 12, December 2017, at Ibefun, Ogun State as part of Petrolex Mega Oil City, planned to revolutionise the Nigerian oil and gas landscape. A first of its kind in sub-Saharan Africa, the 300 million-litre tank…
IPMAN tasks DPR on unethical practices in downstream sector
The Independent Petroleum Markers Association of Nigeria (IPMAN), Western zone, has emphasized the need for the Department of Petroleum Resources (DPR), and the Nigerian National Petroleum Corporation (NNPC), to clamp down private depots selling petrol above ex-depot price of N133.28k. The Western zone Chairman of IPMAN, made the appeal in an interactive session with journalists…
Experts chart path to energy recovery
Industry experts have recently proffered practical solutions to end the lingering power challenges in Nigeria, citing embedded power, cost effective tariff, and full privatisation of power plants and a host of others as the way forward. The experts, who gave their submissions in Lagos at the PwC’s Annual Power and Utilities Roundtable, noted that…