By Alicestine October South Africans were never informed properly that nuclear power is not as expensive as it is made out to be, a nuclear energy expert said Thursday. Nuclear energy expert, Des Muller dismissed these and other concerns as “propaganda”. He refuted the cost issue but also took aim at corruption concerns over the…
Ibom Power Company is wooing investors for the second phase of its project expected to generate 500mw of electricity located in Ikot Abasi Local Government Area of Akwa Ibom State. Currently, the plant generates 191mw of power from its first phase while it is able to evacuate about 153mw due to poor energy infrastructure. The…
By Energy Worth The Indian High Commissioner to Nigeria, Shri Reddy, said his country has made available the sum of about $174.96 million to boost power supply in Nigeria. Reddy made this disclosure on Wednesday, while speaking at a workshop organised by All Indian Universities Alumni in Abuja. Speaking on his behalf at the event,…
Oil magnate, Femi Otedola has invested $350 million in a power generation company known as Geregu Power Plc. Otedola acquired the company in 2013 through a subsidiary of Forte Oil Plc, Amperion Power Distribution Company Limited. Otedola recently revealed his $350 million investment in the power generation company days after joining Twitter. The investment is…
By Energy Worth The Eko Electricity Distribution Company (EKEDC) on Wednesday, decried the spate of violent attacks on its workers while on lawful duties. EKEDC’s General Manager, Corporate Communications, Mr Godwin Idemudia, in a statement issued in Lagos, said their workers had been attacked by people claiming to be protesting against epileptic power supply. He…
Nuclear energy development has been proffered as a sustainable and eco-friendly solution to Nigeria’s perennial electricity shortfall. ROSATOM, Russia’s state owned nuclear energy corporation, which is also the global leader in nuclear power plant services – made this known in a statement sent to journalists on Wednesday, May 16. The federal government of Nigeria, last…
Energy Worth with Agency Report Some of the world’s biggest fund managers are ratcheting up the pressure on oil and gas companies, expressing fear that a lack of action over tackling climate change could risk their investments. The comments come days before major oil companies kick off annual shareholder meetings, where they are already facing…
Energy Worth with Agency Report Some financial experts on Friday, faulted the increase in the oil benchmark of the 2018 appropriation bill from 45 dollars to 51 dollars by the Senate. The financial experts told the News Agency of Nigeria (NAN) in Lagos that the increment was not needful, while reacting to the appropriation bill…
President of the Nigeria Atomic Energy Commission (Nigatom) and, chairman and Chief Executive Officer of the Nigeria Energy Commission, Simon Pesco Mallam in this interview with TOBI AWODIPE, talks about the need for the country to embrace nuclear energy, the advantages that can be derived and its lofty goals of achieving nuclear sovereignty by mid…
On the 12th of March, the National Electricity Regulatory Commission (NERC) announced a new policy under the Electric Power Sector Reform Act (EPSRA) of 2005. Known as the 2018 Meter Asset Providers (MAPs) policy, it was designed to deregulate the provision pre-paid meter. In essence, electricity distribution companies (Discos) have to outsource the acquisitions and…
