Nigeria has successfully completed 8 multi million power plants under the Federal Government’s National Independent Power Project (NIPP) with an aim of increasing electricity generation in the highly populated country. According to the company behind the construction of the plants, the Niger-Delta Power Holding Company (NDPHC), the plants installed include; 750MW Olorunsogo 11, 450MW Sapele,…
With the successful completion of the Egina Floating Production Storage Offloading (FPSO) unit and the achievement of First Oil in the facility, Samsung Heavy Industries, along with partners, could be justified in spending time looking back with pride. The Sun has reported. According to a statement by the company, at the weekend, the completion of…
Nineteen prospective investors are currently conducting due diligence on Afam Power Plc and Yola Electricity Distribution Company, The PUNCH has learnt. While seven of the companies are currently examining the data on Afam Power Plc, twelve are examining the data and assets of Yola Electricity Distribution Company in order to determine what exactly is on…
By Oke Peter Stakeholders in the nation’s oil and gas sector on Thursday, in Abuja, called for collaborative measures to end sharp practices that could undermine safety of lives, investments and properties in the country. The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru; Chairman, House of Representatives Committee on Petroleum…
The Nigerian National Petroleum Corporation (NNPC) is set to implement effective commercial framework that would halt the export of propane and butane which are major components in the production of Liquefied Petroleum Gas (LPG), also known as cooking gas. The Corporation explained in a press release by its Group General Manager, Group Public Affairs Division,…
Twenty-two members of the academia from 12 Nigerian universities have begun research attachments at The Shell Petroleum Development Companies of Nigeria (SPDC), in several fields of study in the latest phase of the sabbatical and internship programme of the SPDC Joint Venture introduced in 1980. The number represents 13 per cent increase from the outgoing…
By Bennett OghifoThe all-electric Jaguar I-PACE has been awarded Norwegian Car of the Year 2019. Eight expert jurors voted for Jaguar’s first electric vehicle (EV) against eight other finalists, including the Volvo V60, Nissan Leaf and Ford Focus. The jury, which included a racing driver and industrial designer as well as automotive journalists, evaluated all…
Damilola Shittu – Abuja Executive Secretary of the Association of Power Generation Companies (APGC), Dr Joy Ogaji, on Tuesday, in Abuja said the investment made by operators, especially power generation firms, was under threat. This, she, said was due to a regulation introduced by the Nigerian Electricity Regulatory Commission (NERC) to favour electricity distribution companies…
By Jonathan Browning JPMorgan Chase & Co. acknowledged that Bear Stearns made millions of dollars of payments to a friend of the son of Libyan dictator Moammar Al Qaddafi around the time it raised $200 million for the country’s wealth fund. But the bank is refuting the Libyan Investment Authority’s central allegation in a London…
Greenlight Planet, a solar home energy company, said it has delivered clean energy to more than two million individuals in Nigeria, while focusing on rapid innovation of its product and distribution strategy. On a mission to power the underserved, Greenlight Planet began distributing its Sun KingTM solar home energy products in the country in 2011….
