United States oil producers are reaping the benefits of OPEC’s efforts to balance the crude market by flooding Europe with a record amount of crude, hurting traditional suppliers such as Nigeria. Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by 1.8 million barrels per day (bpd),…
The Nigeria Electricity Regulatory Commission (NERC) has disclosed that only 42 per cent, translating to 3,360,000 out of eight million billed electricity customers, have meters in the country. NERC commissioner in charge of finance and management services, Nathan Shatti, gave this information at the monthly NEXIER Power dialogue for the month of April held in…
Mr Aurélien Boyer is the Regional Business Manager, West Africa, Greenlight Planet. He holds MBA from ESSEC Business School – Paris, Singapore — with majors in Social Entrepreneurship and Marketing. The Frenchman opens up on his vision for the company in this interview with ENERGY WORTH. Excerpt Can you tell us a brief history…
By Energy Worth The Kaduna Electricity Distribution Company (KAEDCO), has been given four weeks ultimatum to comply and adhere strictly to the Nigeria Electricity Regulations Company (NERC), guidelines, the law that established them and business ethics to ensure stable power supply to its consumers. After extensive deliberations at a tripartite meeting with Civil Society Organizations,…
By Energy Worth Solar and hybrid electricity will provide the country with about 24 megawatts of power through off grid and mini grid this year, it has been revealed through the USAID/Power Africa-funded Renewable Energy and Energy Efficiency Project (REEEP). This is in addition to the roughly nine megawatts hours of electricity supplied by the…
Gas producers for Nigeria’s power sector lose N109.5 billion yearly to dollar-denominated transactions in the supply of 1.5 billion-2 billion cubic feet of gas per day (bcf) to the domestic market, THISDAY has reported. The gas producers have asked the Nigerian Bulk Electricity Trading Plc (NBET) to pay for gas supplied for power generation at…
Sahara Group Co-founder, Tonye Cole, will join high-level African policy-makers, industry leaders and global businesses operating on the continent at the Business Council for Africa (BCA) Annual Debate on April 24. According to a statement by the organisers of the event, Cole, will contribute to a discussion on the prospects for the industrialisation of Africa….
The Managing Director of Nigeria’s Rural Electrification Agency (REA), Mrs Damilola Ogunbiyi has said the private sector is essential to achieving its goal of developing ten thousand mini-grid sites by 2023. Research has shown that Nigeria is home to 186 million people, 43 per cent of whom live without basic access to electricity. The country…
The Managing Director for Africa, Eaton, a power management company. Mr. Seydou Kane, in this interview with ’FEMI ASU, says the adoption of microgrids can help bridge the huge electricity gap in Nigeria. Excerpt What are your thoughts on the Nigerian power sector? South Africa, with a population of about 55 million habitants, has…
Helen Reid – London Formerly skeptical investors are buying back into oil majors in the hope that upcoming results will mark a turning point for energy stocks which have failed to keep pace with a surge in crude prices. Oil stocks could begin to close that gap if results live up to lofty expectations, with…
