The West is in an intellectual dilemma of its own making” Puri, Indian energy minister
And India’s government delivered. It released no-go areas in India’s exclusive economic zone for E&P operations covering a total of 1m km² off the west coast, the east coast and the Andaman and Nicobar islands to provide a boost to exploration.
The MDGIF is a government fund set up to invest in infrastructure projects that will improve transportation and processing (midstream) and utilisation (downstream) of natural gas in Nigeria.
It is important to note that the current power situation being experienced generally is a result of low load allocation, caused by low power generation into the nation’s grid,
This development is not just a milestone for the power sector but a beacon of progress for Nigeria’s broader electricity challenges, characterized by issues in power generation, transmission, and distribution.
the
sad incident occurred on the 26th of February, 2024, at about 11.32 pm. At the said time, the Gwagwalada – Katampe Transmission line tripped at Gwagwalada Transmission Substation and trial reclosure by TCN Operators failed,
Oil major’s departure from the Nigerian onshore oil business offers opportunities for local firms, but could also leave a financing gap
This act, perpetrated by insurgents, resulted in a load loss of approximately 5MW.
Tuesday’s move is expected to “boost Nigeria’s power generation capacity and contribute significantly to meeting the country’s growing energy demands,”
E&P firms may opt to stick with the “quicker payback” still available with oil developments instead.
In Africa, just like anywhere else, energy-intensive businesses are under great pressure to decrease CO2 emissions as they continue to compete in the global marketplace.
