The Nigerian Electricity Regulatory Commission (NERC), has said that the Mini Grid Regulation it rolled out in 2017 is meant to cut down the cost for supplying electricity in rural areas and to accelerate rural electrification projects. The Assistant General Manager (AGM), Renewable Energy and Rural Electrification at NERC, Dr. Abdullahi Yusuf, said this at…
By Energy Worth Hundreds of homes are to be demolished for the execution of a $200 million electricity transmission project in Ogun State. The Special Adviser to the Ogun State Governor on Energy, Mr Abolanle Gbeleyi, who made this known in Abeokuta in a chat with our correspondent, said the project was meant to improve…
Nigeria crude oil production which generates the bulk of the country’s government revenue is up to 2.0 million barrels per day, which is the highest level in over a year, according to the statistics bureau. While growth rate in the non-oil sector was a meager 0.8 percent despite slowing inflation and higher oil prices, surprising…
By Energy Worth The Federal Government said it had restored 80 per cent of the electricity transmission and distribution installations damaged by insurgents in the North-East, which has resulted in an incremental and improved supply to customers in the Yola DisCo’s franchise areas. Disclosing this in Yola, Adamawa State on Monday, while giving his opening…
By Nick Cunningham Electric vehicles will become cheaper than the internal combustion engine in a half decade, while electric buses will completely “dominate” its sector by the late-2020s, according to Bloomberg New Energy Finance (BNEF), which just published its Electric Vehicle Outlook 2018 report. EV sales will top 1.6 million in 2018, up from just…
ExxonMobil and its employees contributed more than $170,000 to institutions of 6 higher education across New Mexico as part of the ExxonMobil Foundation’s 2017 Educational Matching Gift Program. ExxonMobil employees, retirees, directors and surviving spouses contributed more than $42,700 to 6 New Mexico colleges and universities, which was matched by more than $128,000 in unrestricted…
More details are emerging on the N72 billion financial facility plans by the Nigerian government from which the 11 electricity distribution companies would upgrade and expand their networks. The EnergyNewsTM team found out that the facility would be a shareholder loan that the Discos have been asked to match or convert to equity. This is…
