Prof. James Momoh, Chairman, Nigerian Electricity Regulatory Commission ( NERC ) says Nigeria needs quality energy supply to ensure sustainable economic growth. Momoh stated this at a public hearing organised by Yola Electricity Distribution Company (YEDC), on Thursday in Yola. He said that the public hearing was organised to gather information on tariff review in…
Unarguably, the use of energy is fundamental to development even as energy production and consumption remain one of the main factors for determining the strength of the global economy. Apart from its impact on world economy, energy sector drives real growth and improves the economic fortune of any nation when harnessed appropriately. Recognising the importance…
The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday signed an agreement with Shell Nigeria Gas (SNG) for lease of one hectare of the board’s land in Polaku, Bayelsa. The land is for the development of a Pressure Reduction and Metering Station by Shell. The Executive Secretary, NCDMB, Mr Simbi Wabote at the signing…
The Eko Electricity Distribution Company (EKEDC) will meter all the customers within its areas of coverage by March 2021. Mr Nosa Igbinedion, Head, Power Procurement and Regulatory Department, said this at an Extraordinary Tariff Review Stakeholders Consultation held at Lekki in Lagos on Wednesday. The electricity distribution company is proposing to raise its average tariffs…
The Department of Petroleum Resources (DPR) said it would clampdown on illegal Liquefied Petroleum Gas (LPG) sellers in Anambra. Mr Okiemute Akpomudjere, Operations Controller of Awka office of DPR, gave the warning in Awka on Wednesday. Akpomudjere said the agency would ensure that operators in the downstream subsector of Nigerian petroleum industry in the state…
The Ibadan Electricity Distribution Company (IBEDC) on Wednesday urged its customers in Ogun to support its planed upward review of tariff. The Chief Commercial Officer of IBEDC, Mr Deolu Ijose, at a stakeholders meeting in Abeokuta, said the proposed tariff regime was to enable the company improve its services to customers. Ijose said the proposed…
Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations say they could not generate 4,200 megawatts of electricity on Monday due to unavailability of gas. This information was made known in a daily energy report by the Advisory Power Team, office of the Vice President, a copy of which was obtained in Abuja on Tuesday….
The Department of Petroleum Resources (DPR) on Tuesday intensified efforts to curtail incidence of gas explosion in Lagos State with the closure of seven Liquefied Petroleum Gas (LPG) plants. The oil and gas industry regulator said the affected LPG (cooking gas) plants were sealed for not complying with the prerequisite safety standards and operating without…
A Federal High Court sitting in Yenagoa on Friday declined to halt proceedings in the ongoing litigation by Nembe Communities, hosts to Oil Mining Lease (OML 29) over the adverse impact of oil exploration on them. The Nembe communities in Bayelsa had filed a suit against Aiteo Exploration and Production Limited, but another firm Aiteo…
The Federal Government on Wednesday in Ekiti commenced the distribution of cooking gas cylinders to 13,000 indigent women to reduce the use of firewood across the state. The Minister of Women Affairs, Mrs Pauline Tallen, flagged off the exercise, tagged “Distribution of Free Cooking Gas Cylinder/ Tree Planting in Ado-Ekiti.” The minister was represented by…