Harnessing coal for Nigeria’s electricity generation
THE imperativeness of adequate power supply for any nation’s growth and development cannot be overstated, as electricity remains the major driver for effective sctoral operations. The need for diversified sources of power supply has naturally become a germane issue, with the nation now planning to opt out of monocultural profile.
Shell’s shale decision hurts S’Africa
SHELL’s announcement that it would be scaling back its shale gas exploration has been described as a blow to the South African government, which has punted shale gas as a “game changer” for the economy.
OPEC output slides on lower production in Nigeria, others
The estimate for world oil demand growth in 2014 remains broadly in line with the previous report at 0.96 mbpd. For 2015, global oil demand growth is expected to average 1.17 mbpd, relatively unchanged from the previous month. Almost half of 2015 oil demand growth is projected to come from China and the Middle East.
Foreign exchange may shoot up electricity tariffs
Besides, the utility firms are worried about the increasing debt profile which is mostly traced to government agencies: the army, police, ministries and parastatals and para-military forces, which the Discos claim
Customers Still Awaiting One Million Meters Promised By Govt
Electricity consumers may have to wait till the end of 2018 for their homes to be metered as the National Electricity Regulatory Commission (NERC) has said it might not sanction distribution companies for not providing their customers with prepaid meters until the end of the five-year agreement they signed with the government to make the…
Zambia To Triple Petrol Supply To Ease Shortage In Capital
“In the last few days the country has been experiencing shortages of fuel, particularly petrol but we have enough stocks to meet demand,” Yaluma said.
Nigeria’s oil, gas market value may hit $7.5b by 2019
THERE are indications that the nation’s oil and gas market would bounce back in the next four years, as a recent report by an international agency predicts a significant growth in the market value to about $7.5 billion by 2019. The new market research report released at the weekend stated that the market values…
Eko Disco blames power outages on energy shortage
APPARENTLY not satisfied with the current level of electricity supply to its network, the Eko Electricity Distribution Company (EKEDC), has blamed the situation on low energy allocation from the national grid. The company, in a statement recently, noted that the company would continue to invest massively to upgrade its facility in other to meet…
Petronas to make FID on Canadian LNG project
MALAYSIAN energy firm Petronas expects to make a final investment decision (FID) on an $11 billion liquefied natural gas (LNG) export terminal in British Columbia by June, after postponing the decision late last year, its chief executive said. Shamsul Azhar Abbas said the state-owned company had agreed to farm-out about 38 percent of the…
Meter manufacturers laud local content law in power sector
SEQUEL to the Federal Government’s directive on full local content implementation in the power sector, indigenous operators under the aegis of Electricity Meter Manufacturers Association of Nigeria (EMMAN), has expressed their readiness to take up the challenge and play critical role in growing the sector. The Executive Secretary of the association, Muideen Ibrahim, who…