Energy transition must prioritise Nigerian interest —NEITI
NEITI has called for a just, fair and equitable energy transition that prioritises Nigeria’s national interest in the engagements and response to the global energy transition process.
Month: October 2022
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Empower New Energy set to develop solar projects in Africa’s commercial and industrial sector
The partnership will develop, finance, own and operate an initial 150MW of solar projects over the next three years.
Africa should target symbiotic investors with upstream-focused business model to revive Industry —Ogbue
According to her, industry advocacy groups like Oil Producers Trade Section (OPTS) in Nigeria were a useful tool to help push a clear and harmonised set of standards for implementing ESG goals in African countries and working in tandem with the energy ministries.
Inside details of how Nigerian oil export terminal had theft line into sea for 9 years
The 4-kilometre (2.5-mile) connection from the Forcados export terminal, which typically exports around 250,000 barrels per day (bpd) of oil, into the sea was found during a clamp-down on theft in the past six weeks.
Nigerian oil sector loses 97% foreign investment —Report
In its Nigerian Capital Importation Report for the second quarter of 2022, inflows of foreign investments into the oil and gas industry, which stood at $68.6m (N30bn) in the first half of 2021, crashed to $2.5m (N1bn) in the first half of 2022, making it a 97 per cent drop.
Power Supply: General Electric performs abysmally, TCN says
Engr. Sule Abdulaziz, the Managing Director of Transmission Company of Nigeria (TCN), said this in Abuja while inspecting ongoing projects in the Federal Capital Territory (FCT) on Wednesday.
The Lab launches seven financial instruments to support climate action in Africa
These financing mechanisms aim to unlock $1 billion through insurance, guarantees, credit assessment and other financial tools.
Duke Energy outlines progress on clean energy transition
“Our customers’ expectations are clear – they want affordability and reliability to remain a central focus as we work to achieve net-zero carbon emissions by 2050,” said Lynn Good, Duke Energy chair, president and CEO
Husk Power commissions six hybrid solar mini-grids in Nasarawa State
Husk Power’s portfolio is growing in Nigeria. The Colorado, USA-based renewable energy provider is commissioning six new hybrid solar mini-grids of 50 kWp each. The installations serve six rural communities in Nasarawa State.
CBEA earmarks $60 million for the deployment of Engie’s solar mini-grids in Nigeria
CrossBoundary Energy Access (CBEA) and Engie Energy Access are joining hands for electrification in Nigeria. The two companies are committed to developing a portfolio of grid-equipped solar mini-power plants for the electrification of rural communities. Engie plans to deploy mini-grids to power 150,000 people.