By Energy Worth The disagreement between the Federal Government and power distribution companies continued on Tuesday, with the Discos threatening to quit the sector and expressed willingness to resell the power assets at discounted rates. Investors in the Discos came out this time around to speak for their companies rather than sending the spokesperson for…
By Energy Worth The Federal Government and the management of the Nigerian National Petroleum Corporation (NNPC) have been commended for the improved security situation in the Niger Delta which has rubbed off positively on the operations of international oil companies. This commendation was given by the Chief Operating Officer, Upstream, Eni, Mr. Antonio Vella, when…
By Energy Worth As part of efforts to improve power supply in Edo State, the Benin Electricity Distribution Plc (BEDC) has inaugurated a total of 1,694 distribution transformers in the state since the new management take over in 2013. The company, which disclosed this in a customer information update on Edo State it released recently,…
By Energy Worth The Chairman, House of Representatives Ad-hoc Committee investigating alleged constitutional breaches, impunity and other infractions of the Niger Delta Power Holding Company (NDPHC), Honourable Darlington Nwokocha (PDP, Abia), on Monday, described the past and present boards and management of the NDPHC as illegally constituted largely because their appointments were never ratified by…
By Energy Worth The electricity distribution companies (Discos) through the Executive Director, Research and Advocacy, Association of Nigerian Electricity Distributors (ANED), Mr Sunday Oduntan, while at a press conference in Lagos described the liquidity crisis in the sector as a major issue, stressing the need for the government to put in place a cost-reflective tariff,…
By Energy Worth Speaker of the House of Representatives, Hon. Yakubu Dogara, has reiterated the commitment of the green chamber to utilising every necessary legislative tool in solving challenges bedevilling the power sector. He made this known on Wednesday while speaking at an investigative hearing by the House committee on power on the need to…
By Tsvetana Paraskova As United States sanctions on Iran are about to kick in later this year, Indian oil refiners reduced their orders for Iranian crude oil in June by 12 percent compared to May, India’s Oil Minister Dharmendra Pradhan said in Parliament on Monday. Some big Indian refiners worry that their access to the…
By Energy Worth Stakeholders, including a former Vice-President, Africa Region, World Bank, Oby Ezekwesili, on Monday, called on the Federal Government to insist on accountability and binding rules on revenue outflow from the nation’s Excess Crude Account. They said the absence of rules of practices governing deposits, withdrawals and investment of the ECA led to…
By Energy Worth The Speaker of the House of Representatives, Honourable Yakubu Dogara, said on Monday that the frequent hike in electricity tariff was injustice to Nigerians, who had become accustomed to living without regular power supply. He observed that the tariff hike was in spite of the N123bn bailout the Federal Government gave the…
By Energy Worth The Miners’ Association of Nigeria (MAN) has disclosed that the forthcoming third edition of the Nigeria Mining Week (NMW) will provide practical business know-how and updates that will enhance mining activities in Nigeria. The event will hold between 15 and 18 October, 2018 at the Nigerian Air Force Conference Centre, Abuja, Nigeria….
