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‘Deregulation needed for viable refineries, downstream businesses’
Operators in the downstream and mid-stream segments of the country’s petroleum sector have identified deregulation as critical to the viability and sustainability of existing and planned refineries as well as the overall downstream industry. They said deregulation would provide the right market template for investors and ensure returns on investments are maximised. The Chairman, Integrated…
4 days ago  
BoI, All On seal N1billion pact on off-grid energy to Niger Delta region
4 days ago  
The Bank of Industry (BOI) and All On have signed a N1 billion partnership agreement to finance the Niger Delta Off-Grid Energy Fund in a bid to enhance access to clean, affordable and reliable power solutions. Managing Director, BoI, Olukayode Pitan, during the ceremony in Lagos, said the partnership was a result of the bank’s…
Oil firm restates commitment to local content development
4 days ago  
Indigenous oil & gas company, Petrolex Oil & Gas, has expressed its commitment to Local Content development in Nigeria. This was revealed during its participation at the Nigerian Content Development & Monitoring Board’s yearly conference in Yenagoa, Bayelsa. Speaking on the sideline of the event, the Executive Director of Petrolex, Kayode Adelaja, said: “We are…
‘Why government should deploy more IPP projects’
4 days ago  
To ensure uninterrupted power supply in the Lagos University Teaching Hospital (LUTH), the Managing Director/ Chief Executive Officer (CEO), Nigeria Sovereign Investment Authority, Uche Orji, has inaugurated CETPower, an Independent power plant with over 5.8MW capacity in the hospital. Orji, who commissioned the plant on behalf of President Muhammadu Buhari, said: “Under the stewardship of…
New challenges in deploying meters to consumers
4 days ago  
Beyond availability and willingness to deploy new meters to consumers by electricity distribution companies (Discos), many households are refusing to embrace smart meters over fear they may be trapped in overpriced energy deals arising from calibration and tampering by manufacturers that may be colluding with Discos. Head, Energy and Solid Minerals desk, FEMI ADEKOYA writes…
TCN boosts transmission capacity with 80MVA substation
4 days ago  
Transmission Company of Nigeria (TCN), has announced the completion of a new 80MVA 132/33kV transmission substation in Yauri, Kebbi State. TCN’s General Manager, Public Affairs, Ndidi Mbah, noted that the substation project was one of the many contracts that were taken over by TCN from contractors and completed by its in-house engineers. Mba, who noted…
IBEDC meters over 650,000 customers, awaits NERC approval on MAP
4 days ago  
As Distribution Companies (DisCos) brace up for the Meter Access Provider (MAP) scheme by the Nigerian Electricity Regulatory Commission (NERC) Regulation No. NERC/R/112), which took effect April last year, Ibadan Electricity Distribution Company (IBEDC) ,has disclosed the firm’s near completion of the selection phase of MAP. Besides, the Disco stated that it has metered 650,000…
‘Egbin targets 1320MW by February end’
6 Feb  
Egbin Power Plc is set to increase generation capacity to 1,320 Megawatts (MW) from its current strength of 1,100MW by the end of February, the Group Managing Director (GMD) Sahara Power Group (SPG), Kola Adesina, has declared.
About 20 billion barrels may be discovered this year in Nigeria, others from drilling recovery
6 Feb  
Global discoveries of conventional oil and gas could jump to 20 billion barrels of oil equivalent this year as an industry-wide recovery in exploration activity continues to ramp up, research group Wood Mackenzie has said.
‘Why NCDMB, MAN must strategise for implementation of local content’
6 Feb  
Nigeria’s current economic situation and job crisis could worsen if the Nigerian Content Development and Monitoring Board (NCDMB), Manufacturers Association of Nigeria ....
ALSCON seek resolution of gas challenges for operation resumptions
6 Feb  
The Aluminium Smelting Company of Nigeria (ALSCON), Ikot Ibasi, Akwa Ibom State, is set to recommence operations as the Bureau of Public Enterprises (BPE), and other critical stakeholders of the company are reaching a resolution....
PAYGO solar companies integrate into SWIFTA’s agent network
6 Feb  
In efforts to remove the bottlenecks hindering energy access to households in communities, five leading solar home systems companies: Azuri Technologies, A Solar, Oolu Solar, Smarter Grid International ....
Igbokoda gets power as Osinbajo commissions BEDC, NDPHC restoration project
6 Feb  
Residents of Igbokoda in Ilaje Ese Odo Local Government in Ondo South senatorial zone, who had resigned to living without electricity in the last five years, were enveloped with joy last Wednesday....