By Energy Worth The off grid renewable energy space which most experts describe as the future of the Nigerian power sector have been said to enjoy an investment capacity of up to $200 million in the last few years. This was disclosed in Lagos by the Head of Power and Infrastructure, Corporate and Investment Banking,…
The National Agency for Science and Engineering infrastructure (NASENI) said it was targeting to generate 7.5 MW solar power annually to serve as alternative energy in the country. Its Executive Vice Chairman, Prof. Mohammed Haruna said this while declaring open the agency’s 2018 Solar Installation and Maintenance Training programme in Abuja. Haruna, who was represented…
By Energy Worth Protesting youths from the Ondo Southern Senatorial district, on Wednesday, carried out their threat to block the ever busy Benin-Ore /Lagos road, in the Odigbo Local Government Area of the state, protesting over the ten years power outage and neglect of the area by the successive government. The protesters who trooped out…
By Energy Worth Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has urged the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), as an independent arbiter, to ensure recovery of revenues borne by the corporation on behalf of the Federal Government. Baru, who spoke on Wednesday, during a courtesy visit by…
By Nick Cunningham Mexico’s President-elect Andres Manuel Lopez Obrador, or AMLO, has promised to invest around 175 billion pesos ($9.4 billion) into the state-owned energy companies. One of the goals is to reverse the decade and a half of declining oil production. “Fourteen years ago, oil production was 3.4 million barrels a day. Now it’s…
Crude oil production from the Organisation of Petroleum Exporting Countries (OPEC) increased last month as Saudi Arabia pumped near-record volumes to make good on a pledge to consumers that demand would be met. The kingdom’s oil production grew by 230,000 barrels a day in July to 10.65 million barrels per day. This is just shy…
By Energy Worth The federal government has reportedly approved the Transmission Company of Nigeria (TCN) to be the anchorman for a N72 billion investment it plans to sink into the 11 electricity distribution companies (Discos) to upgrade their distribution infrastructure and networks. This is just as the TCN has dissed Discos in Nigeria for repeatedly…
