The management of Transmission Company of Nigeria (TCN) says it has set machinery in motion to supply Eko Atlantic City, Lagos, 1,000 megawatts of power from the grid under its Eligible Customers arrangement. The Managing Director of TCN, Dr Usman Mahammed, made this known during his tour of the city in Victoria Island. Mahammed said:…
Oil ended about one per cent higher on Monday after a volatile trading session as traders focused on when Saudi Arabia would be able to restore full output, following the Sept. 14 attack on its facilities. Brent futures gained 49 cents, or 0.8 per cent to settle at $64.77 a barrel, while U.S. West Texas…
Algeria is planning to keep unchanged the main clauses in its energy law, including a rule limiting foreign stakes in oil and gas projects, the government said on Monday after a meeting to discuss draft amendments to the law. “The 51/49 rule was maintained,’’ the government said in a statement following the meeting chaired by…
The Department of Petroleum Resources (DPR) has threatened to suspend companies or depots who fail to adhere to the agency’s safety regulations within their operations. DPR’s Head, Public Affairs, Mr Paul Osu, said on Monday in Lagos that the agency had safety compliance guidelines that must be complied with by the companies and depots. A…
Chief Osita Chidoka, former Minister of Aviation has called for more access to information and data on activities of the various tiers of government. Chidoka made the call in a statement issued by Mr Ikechukwu Okafor, his Special Assistant on Media and Publicity in Awka on Sunday. The Peoples Democratic Party (PDP) chieftain said the…
Nigeria Energy Access Fund (NEAF) will make strategic investments in sustainable energy in Nigeria, particularly in the country’s burgeoning off-grid and mini-grid sectors ABIDJAN, Ivory Coast, September 20, 2019/ — The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (ww.AfDB.org), has approved a $500,000 grant to support the development and…
The continent’s energy industry will be gathering at ADIPEC in Abu Dhabi on November 11-14, 2019 to set the industry agenda for 2020 JOHANNESBURG, South Africa, September 23, 2019/ — After a year of remarkable achievements and continuous recovery across Africa’s oil markets, the continent’s energy industry will be gathering at ADIPEC in Abu Dhabi…
With the financial autonomy granted to local government areas in the country, Keana Local Government of Nasarawa State has commenced a 24 Kilometres electricity connection from the 330KVA national grid to Giza and Kadarko towns. This was even as the council also embarked on the construction of five Kilometres of road network across some towns,…
The electricity generating companies (GenCos) under the auspices of the Association of Power Generating Companies (APGC) have threatened to declare force majeure and relieve themselves of all market obligations should the proposed 0.75% gas payment administrative charge by the Nigerian Bulk Electricity Trading company (NBET) be implemented, describing the charge as unregulated and extortionist. Briefing…
The Port Harcourt Electricity Distribution Company (PHED) said over 100,000 customers have received meters in the last two years. Chief Executive Officer of PHED, Naveen Kapoor said y at the official flag off of Meter Asset Provider, (MAP) that the already metered customers were in the Uyo. He said the aim of the MAP was…