Energy Worth with Agency Report The African Development Bank (AfDB) says all the investments in electricity in 2017 were in renewable energy. Amadou Hott, Vice President, Power, Energy, Climate and Growth Complex, who revealed this in an interview with the News Agency of Nigeria (NAN), also noted that 74 per cent of the bank’s investment…
Against the background of the seemingly intractable power supply problem, the disclosure, the other day, by the Minister of Power, Works and Housing, Babatunde Fashola, that 90 million Nigerians lack electricity supply is not surprising. This is an indictment of the government and a clarion call on that same government as well as other stakeholders…
Industry experts have suggested how Nigeria can replicate the success story of Azura, following Siemens’ technical hand-over of the 450MW Open Cycle Gas Turbine power station last week. According to them, for Nigeria to have more power plants like the Azura project in place, sweeping market reforms must happen to give the electricity industry a…
French energy giant, Total SA plans to boost oil exploration and open more fuel stations in Africa’s most industrialized country. Total pumped a record amount of oil and gas in the first quarter and expects output growth to exceed its 6% target this year thanks to acquisitions and new projects from the Arctic to West…
Energy Worth with Agency Report Experts have cautioned against undue optimism over the three-point strategy unfolded by the Federal Government to end gas flare by 2020, insisting that elusive strategies and other inherent challenges, would ensure that the desire remains a pipe dream. To further illustrate their pessimism, they say there is no way the…
By Energy Worth The Minister of Power, Works and Housing, Babatunde Fashola has hailed the new chairman of the Nigerian Electricity Regulation Commission (NERC), as a patriotic Nigerian who left the comfort of the United state to return back home and help fix issues in the country. Fashola made this statement during the inauguration ceremony…
Professor James Momoh was recently sworn-in as Executive Chairman of NERC, almost three years after the commission had its last substantive executive head. Chineme Okafor looks at the promises of the new chairman and the expectation from the electricity industry The new executive chair of the board of commissioners of the Nigerian Electricity Regulatory Commission…
By Energy Worth The Nigerian National Petroleum Corporation (NNPC) has disowned a recruitment advertisement currently trending in the social media. The advertisement, set in NNPC’s corporate colour with its logo, invites candidates with background in Sciences, Engineering, Business/Finance, Social Sciences, Arts/Humanities as well as Medical/Health Sciences to apply, giving required educational attainments of prospects to…
United States oil prices rose above $70 a barrel on Monday for the first time since November 2014 and Brent crude climbed to fresh highs, buoyed as a deepening economic crisis in Venezuela threatened the country’s already tumbling oil supply. According to the News Agency of Nigeria (NAN), Brent crude oil futures were at $75.59…
By Energy Worth Power supply worsened over the past week as generation fell by over 1,000 megawatts amid violent rainstorms sweeping through the country. Power generation stood at 3,192.20MW as of 6am on Sunday, according to data from the Nigeria Electricity System Operator (NESO). From 4,339.10MW as of 6am on Monday, April 30, the total…
