The Nigerian government and the World Bank are working out finance models to fund the growing mini-grid industry in Nigeria. The likely system being planned is a limited subsidy structure that will see mini-grid constructors paid for every connection, Development Finance reports. The Managing Director of the Rural Electrification Agency, Damilola Ogunbiyi, said private funding…
Delta State governor, Senator Ifeanyi Okowa has disclosed that the proposed 400MW combined cycle power plant at Ekrokpe/Ekrejegbe, Ughelli South Local Government Area of the state, will ensure uninterrupted power supply in the near future. He stated this while performing the ground-breaking ceremony of the project recently. The governor expressed hope that the state will…
By Adelabu Jumoke The Handball Federation of Nigeria (HFN) has confirmed that the first phase of the Prudent Energy Premier League will hold from April 27 to May 6 in Abuja.The President of the Federation, Samuel Ocheho disclosed that 12 teams in the male category and 10 teams in the female category will take part…
ExxonMobil has announced its renewed support for local and global organizations committed to ending malaria around the world. This year’s grants total $7.36 million and will continue the company’s longstanding commitment to reducing the global burden of malaria, a disease that still leads to an estimated 445,000 deaths annually despite being preventable, treatable and curable….
Energy Worth with Agency Report Eko Electricity Distribution Company (EKEDC) has disclosed that it has restored power supply to residents of Ijegun Imore New Estate in Satellite Town after nine months outage due to transformer fault. EKEDC Business Manager, Festac Unit, Mr Owolabi Olubango, told newsmen on Monday in Lagos that the company repaired the…
By Energy Worth The Federal Ministry of Power and the Rural Electrification Agency (REA), is partnering with a private company- METKA Power West Africa to provide hybrid energy solutions to four federal universities and university teaching hospitals across the country. In a press statement released by Mytilineos – the parent company of the partnering firm,…
By Oke Peter The Transmission Company of Nigeria (TCN), on Wednesday, has called on the electricity Distribution Companies (DisCos) to recapitalize their investment in order to enhance their network distribution. The company expressed fears that despite its existing capacity, load rejection from the DisCos, which causes high frequency and system collapse could still persist unless…
The Federation Account Allocation Committee (FAAC) meeting scheduled to hold on Wednesday was postponed due to alleged underpayment into the federation account by the Nigerian National Petroleum Corporation (NNPC). The News Agency of Nigeria (NAN) has reported. Mr Mahmoud Yunusa, Chairman, Forum of Finance Commissioners of FAAC, who disclosed this to newsmen in Abuja,…
The National Association of Nigerian Students (NANS), and the National Union of Petroleum and Natural Gas (NUPENG) have disclosed that the Federal University of Petroleum Resources (FUPRE) in Delta State is being under-funded by the Federal Government. The Zone B coordinator of NANS, Okereke Godson, declared this yesterday after a meeting with the Vice Chancellor,…
Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, today announces the final investment decision for Vito, a deepwater development in the U.S. Gulf of Mexico with a forward-looking, break-even price estimated to be less than $35/bbl. This decision sets in motion the construction and fabrication of a new, simplified host design and…
