UK-based project developer PAS Solar Limited has been arranged a USD-10-million (EUR 8.8m) syndicated senior debt facility to expand its efforts in Nigeria as it looks to provide clean electricity to more than 150,000 local households in the next five years. The five-year tenor syndicated loan has been designed by the Renewable Energy Performance Platform…
Enugu Electricity Distribution Company (EEDC) has commenced upgrade of its Agu-Awka Injection Sub-station from 7.5MVA to 15MVA capacity, having taken delivery of a brand new 15MVA power transformer. “This is coming in less than 24 hours after upgrade of Ebeano Tunnel Injection Sub-station in Enugu from 7.5MVA to 15MVA capacity was completed,’’ Head of Communications,…
The Ibadan Electric Distribution Company (IBEDC), has attributed the lack of power supply in Ilesha to the extensive damage done to its distribution network infrastructure, specifically to its Oke-Omiru injection substation by hoodlums. The Managing Director and Chief Executive Officer, IBEDC, John Donnachie, explained that due to the extensive damage done to its distribution network…
Mainstream Energy Solutions Limited, operators of Kainji Dam and Jebba Hydro Power plants has said it losses an estimated N900 million monthly due to stranded power occasioned by load rejection by the National Control Centre, (NCC) . Mainstream Energy also urged the Nigerian Electricity Regulatory Commission (NERC) to fast track the implementation of the Eligible…
The Nigerian Electricity Regulatory Commission (NERC), will begin mass metering for electricity consumers by May 1, to bridge the metering gaps in the country. Dr Usman Arabi, NERC General Manager Public Affairs in a statement said the metering will be executed under the Meter Asset Providers(MAP) programme of the Federal Government. “The commission issued permits to MAPs…
Houston, Texas, USA (15 April 2019) – The Offshore Technology Conference (OTC) and United Against Human Trafficking (UAHT) are proud to continue their now five-year partnership to provide awareness, education, and outreach to end human trafficking. Utilizing UAHT resources, OTC helps educate attendees and exhibitors about the warning signs of human trafficking in communications…
SAN DONATO MILANESE, Italy – Saipem has won contracts for offshore drilling with a total value of more than $200 million. One involves drilling two firm plus two optional wells for Wintershall offshore Norway, using the harsh-environment semisubmersible Scarabeo 8. The rig should start the program in 2Q 2020. This is Saipem’s first campaign for the German operator. In the Middle…
New York — U.S. crude oil stocks rose more than expected last week to the highest in nearly 17 months as imports climbed, while gasoline inventories posted their steepest drawdown since September 2017, the Energy Information Administration said on Wednesday. Crude inventories rose 7 million barrels to 456.6 million barrels in the last week, their highest…
Port Harcourt — Prof Chijioke Nwaozuzu has been appointed the new director at the Emerald Energy Institute, Federal University of Port Harcourt. Until then, he was the deputy director at the EEI. Chijioke Nwaozuzu is a native of Mbieri in Imo-State, Nigeria. He attended Government Secondary School, Owerri, Imo-State, (1973-78) with a First Division; Federal School of…
Lagos — The International Chamber of Commerce, ICC, International Maritime Bureau, IMB, has released its first quarter 2019 report in which it acknowledged that, in the first quarter of 2019, Nigeria experienced a decrease in reported piracy incidents. According to the IMB, Nigeria reported 14 incidents of piracy for Q1 2019, in comparison to 22 incidents during…