The House of Representatives has expressed grave concern over the state of the country’s power sector, despite the huge investment and reforms initiated by successive administrations. The lawmakers who called for deliberate action towards averting imminent collapse of the power sector, warned that shortfall of about N1 trillion will put the sector at risk of…
By Energy Worth The House of Representatives has mandated its Committee on Power to investigate the Power Sector Recovery Programme (PSRP) to resolve the incongruities in the draft of the programme. This was sequel to unanimous adoption of a motion by Rep. Abubakar Ahmed (Gombe-APC) on Thursday at plenary. Speaker of the House, Mr…
By Energy Worth The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), Dr Mohammed Sanusi Barkindo, will be leading other global oil and gas industry leaders to participate in the Nigeria International Petroleum Summit (NIPS). This was disclosed by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, at a world…
By Energy Worth Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has called on petroleum products marketers to stick to the N145 per litre approved pump price for petrol in order to make life easy for Nigerians. The GMD gave this charge today in Abuja while presenting a commendation letter…
The Organization of the Petroleum Exporting Countries (OPEC) will host the 7th OPEC International Seminar at the Imperial Hofburg Palace in Vienna, Austria, on 20−21 June 2018 under the theme, ‘Petroleum – cooperation for a sustainable future’. The Seminar will provide fresh impetus to key petroleum industry issues and challenges, helping to enhance existing avenues of…
The Transmission Company of Nigeria (TCN) has announced that it has attained the wheeling capacity of 7,124 Mega Watts (MW) transmission capacity of electricity to the Distribution Companies. The Information is part of the communiqué issued in Abuja on Monday, at the end of the 24th monthly meeting of the Minister of Power, Works and…
Surging output of U.S. shale oil won’t be a “huge distorter” of efforts by global crude producers to clear a glut, according to OPEC’s president.The market should re-balance this year, given robust demand and producers’ compliance with their pledges to curtail supply, United Arab Emirates Energy Minister Suhail Al Mazrouei, currently the president of OPEC,…
By Energy Worth with Agency ReportThe management of Enugu Electricity Distribution Company (EEDC) has denied allegations by consumers that it had manipulated the factory settings of the new prepaid meters for more profit. Its Head of Communications Dept., Mr Emeka Ezeh, made the denial in an interview with the News Agency of Nigeria (NAN), on Monday,…
The Kaduna Electricity Distribution Company has dedicated an 30/40 MVA power transformer feeeder to Cement Company of Northern Nigeria (CCNN) in a bid to improve power supply. According to the Power Sector News, the Distributions Engineer, Sokoto Area Office, Engr. Usman Abba, made this known in an interview in Sokoto.He said though the transformer had…
The NNPC Properties Ltd (NPL), the real estate management company of the NNPC, has commenced the recovery of the corporation’s landed property worth N100b across the nation.This was disclosed by the NNPC Chief Operating Officer (COO) Ventures, Dr. Babatunde Victor Adeniran, at the maiden edition of NPL Property Festival which held today at the NNPC…
