South Africa’s first biomass project under the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) has reached financial close. The 25MW Ngodwana Energy Biomass Project, was one of the 27 power purchase agreements (PPAs) under rounds 3.5 and 4 of the REIPPPP, signed by South African Energy Minister Jeff Radebe last week. Read more: Wind…
Stakeholders in Africa’s electricity market, on Friday launched the Africa Mini-grid Developers Association (AMDA), pledging to leverage the potentials of mini-grid renewable electricity sources to deliver power to at least 140 million Africans. AMDA which plans to be continent-wide with chapters currently in Kenya and Tanzania, and new ones expected to open in Nigeria –…
By Oke Peter The National Engineering and Technical Company Limited on Friday announced that its profit before tax for the 2017 financial year dropped by 34 per cent to N3.26bn when compared with the previous year. NETCO, a subsidiary of the Nigerian National Petroleum Corporation, stated that the PBT decreased by 34 per cent when…
By Oke Peter The Nigerian National Petroleum Corporation (NNPC) has said it will encourage initiatives targeted at enhancing Nigerian investors in the oil and gas sector. Group Managing Director, Maikanti Baru, said yesterday, that the national oil company would support engineering development to ensure technological advancement of the nations oil and gas industry. He disclosed…
SOME solar energy consumers on Wednesday, attributed the slow pace at embracing the technology to the high cost of installation materials. They told the News Agency of Nigeria (NAN) in Abuja, that the rising cost of PhotoVoltaic (PV) panels, inverters and batteries was a major challenge to the installation of the technology. According to them,…
ExxonMobil has announced that production of liquefied natural gas (LNG) has safely resumed at the PNG LNG project in Papua New Guinea following a temporary shutdown of operations after a severe earthquake occurred in the region on Feb. 26. LNG exports are expected to resume soon. One train is currently operating at the LNG plant…
In its 4th stint, the Nigeria Content Investment Forum (NCIF) powered by Sweetcrude Reports and The Guardian has captured a level of seriousness to engage with indigenous Nigerian small-medium enterprises and government officials to support local content in the “giant of Africa”. In 2017, the forum included participants and speakers from the Nigeria Content Development…
Reports have shown that approximately seven million prepaid electricity meters in South Africa need to be reset before November 2024, as the system that runs the credit tokens will run out of numbers at this time and all existing meters will stop accepting credit tokens. The South African metering standards industry body, Standard Transfer Specification…
Total has pledged its support to create the United Nations Road Safety Trust Fund. As a founding member, Total will contribute $1 million to this prevention fund. Total’s pledge, under the scope of Total Foundation, is a contribution to achieve the United Nations Sustainable Development Goal which aims to halve the number of global deaths…
By Oke Peter The Department of Petroleum Resources (DPR) on Wednesday, accused oil marketers of using the name and logo of the Nigerian National Petroleum Corporation to cheat the public at the NNPC fillings stations by under-dispensing Premium Motor Spirit, popularly known as petrol. According to the DPR, such marketers must be cautioned by the…
