The Djermaya solar project, represented by its majority shareholder InfraCo Africa, recently signed a 25-year power purchase agreement with the Ministry of Energy and SNE, the national power utility company. This contract marks a key step in the development of the solar plant as it allows the project to obtain the necessary funds to finance…
By Energy Worth There are indications of possible blackout across the country soon, as electricity Generating Companies (GENCOs) have threatened to shut down their plants over what they described as frequency decay due to inefficient grid management and associated costs. In a document signed by Executive Secretary, Association of Power Generation Companies (APGC), Dr. Joy…
By Tsvetana Paraskova Despite an expected slowdown in Permian growth rates, the U.S. shale patch is increasing production and will continue to do so this year and next. Oil market investors and analysts are currently very much focused on the demand side, with concerns over the potential of trade wars to curb oil demand growth….
By Energy Worth The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, said on Thursday that the split of the corporation into two entities if not properly communicated to the workers could generate some tension between the unions. Baru noted the Petroleum Industry Governance Bill, recently passed by the National…
By Energy Worth Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru in Dubai, United Arab Emirate directed the Chinese Consortium and the NNPC Project Team on the Ajaokuta-Kaduna-Kano (AKK) Pipeline Project to ensure timely finalization of the term sheet for the project’s contractor financing agreement. The Chinese consortium is made…
The Nigerian National Petroleum Corporation (NNPC) on Wednesday, emphasized the availability of enough gas for power generation noting that the recent drop in electricity generation was as a result of some factors outside its control. The NNPC stated that as critical partners in the electricity generation matrix, it is willing to work with other stakeholder…
Energy Worth with Agency Report Federal Inland Revenue Services (FIRS), has sealed off of the corporate headquarters of Transmission Company of Nigeria (TCN), over unremitted taxes. Though details of the tax liability were still sketchy during press time, it was gathered that the workers were locked out of the premises of TCN situated at Maitama…
By Energy Worth A leading smart meters manufacturing company, Mojec International Limited, has been commended by the Federal Government for its production of world-class meters and its plastic manufacturing factory. The firm aims to address the shortfall in meter accessibility by end users in Nigeria. The Vice President, Federal Republic of Nigeria, Prof. Yemi Osinbajo,…
By Vanand Meliksetian President Donald Trump’s first year in office must have been a pleasant surprise for Chinese President Xi Jinping. A successful state visit in Beijing and an apparent personal chemistry between the two leaders suggested a close relationship between the countries was brewing. But President Trump’s second year has turned that narrative on…
Energy Worth with Agency Report Oil prices fell on Wednesday, weighed down by a gloomier global economic outlook and a report of rising United States’ crude inventories, even as the US sanctions on Tehran threatened to curb Iranian crude oil supplies. Global benchmark Brent crude oil fell by $0.50 to $71.96 per barrel by 8.30am…
