Themis, an Africa-focussed power company backed by Denham Capital, has partnered with Kingline Development Nigeria (Kingline) to develop a 550MW natural gas-fired power plant in Ondo State, Nigeria. Themis, an Africa-focussed power company backed by Denham Capital, has partnered with Kingline Development Nigeria (Kingline) to develop a 550MW natural gas-fired power plant in Ondo State,…
The East African Community (EAC) has secured $2.5 billion loan from the African Development Bank (AfDB) to provide an additional 7,480 megawatts (MW) of electricity by 2022. The regional bloc comprises six member states in the African Great Lakes region in eastern Africa, namely: Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda. The funds –…
The Nigeria Integrated Water Resources Management Commission has issued licences to Nestle Water and Winners Power Gardens companies for water supply and hydropower construction respectively. The Executive Director, Reuben Habu, who confirmed this to The Punch, said the issuance of licences to prospective applicants was another landmark, having met the conditions required by law. Habu…
While China may be the world’s largest market for electric vehicle sales, Chinese car buyers have a new love affair: pickup trucks. As in the U.S., pickups are ideal for construction, farm, and maintenance companies — but consumers find them very appealing for the horsepower and cargo capacity. Chinese vehicle maker Great Wall Motor Co….
Damilola Shittu – Abuja The Federal Executive Council (FEC) meeting yesterday approved N1.4 billion for the design of 12-floor building design for the Department of Petroleum Resources (DPR). The Minister of State for Petroleum Resources, Ibe Kachikwu briefed State House correspondents at the end of FEC meeting chaired by President Muhammadu Buhari at the Presidential…
By Haley Zaremba Although nuclear is often touted as an ultra-efficient and therefore affordable as well as clean alternative to fossil fuels, some states are beginning to discover that this is not necessarily the case as their local governments pour more and more money into nuclear plant subsidies only to see the nuclear industry come…
Mr Babatunde Fashola, the Minister of Power, Works and Housing has said that some cities in Nigeria can now boast of constant power supply. He made the assertion on Channels Television’s Sunrise Daily on Wednesday. “Sitting down here I can tell you some states that have almost 24 hours – Kebbi, Yobe. Some have five,…
By Oke Peter As households and businesses continue to lament the nation’s electricity woes, power generation companies in the country have said there is no incentive for them to increase output from their plants. The Gencos said their total generation capacity rose to 7,383.04 megawatts in 2018 from 4,214.32MW in 2013, when the power sector…
Mayowa Okekale – Abuja The Phase One of the ongoing recruitment exercise by the Nigerian National Petroleum Corporation (NNPC) which kicked off via nationwide advertisements in the national dailies and online media on Wednesday, 13 March, 2019 ended midnight yesterday with the closure of the corporation’s application portal. A release today in Abuja by the…
The police in Nigeria have emerged as the most corrupt public institution in the country, according to a new survey released today by Socio-Economic Rights and Accountability Project (SERAP). The News Agency of Nigeria (NAN) has reported. The power sector was ranked second in the survey’s corruption index, which examined five public institutions in Nigeria…
