Energy Worth with Agency Report Landlords and tenants of Alaba Oro, Mosafejo Amukoko, Abule Kere and Olaniyonu communities in Lagos, instituted a N50m suit against the Nigerian Electricity Regulatory Commission (NERC) and Eko Electricity Distribution Company PLC over estimated electricity billing. The News Agency of Nigeria (NAN) has reported. Raji Yusuf Olatunji, Omololu Sulaiman, Muritala…
By Energy Worth The Nigerian Association for Energy Economics (NAEE), has called on President Muhammadu Buhari-led administration to set up an energy council made up of experienced and reliable energy professionals and operators from across the country to advise and proffer workable solutions to the federal government on how to address Nigeria’s dilemma with her…
United States oil producers are reaping the benefits of OPEC’s efforts to balance the crude market by flooding Europe with a record amount of crude, hurting traditional suppliers such as Nigeria. Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by 1.8 million barrels per day (bpd),…
The Nigeria Electricity Regulatory Commission (NERC) has disclosed that only 42 per cent, translating to 3,360,000 out of eight million billed electricity customers, have meters in the country. NERC commissioner in charge of finance and management services, Nathan Shatti, gave this information at the monthly NEXIER Power dialogue for the month of April held in…
Mr Aurélien Boyer is the Regional Business Manager, West Africa, Greenlight Planet. He holds MBA from ESSEC Business School – Paris, Singapore — with majors in Social Entrepreneurship and Marketing. The Frenchman opens up on his vision for the company in this interview with ENERGY WORTH. Excerpt Can you tell us a brief history…
By Energy Worth The Kaduna Electricity Distribution Company (KAEDCO), has been given four weeks ultimatum to comply and adhere strictly to the Nigeria Electricity Regulations Company (NERC), guidelines, the law that established them and business ethics to ensure stable power supply to its consumers. After extensive deliberations at a tripartite meeting with Civil Society Organizations,…
By Energy Worth Solar and hybrid electricity will provide the country with about 24 megawatts of power through off grid and mini grid this year, it has been revealed through the USAID/Power Africa-funded Renewable Energy and Energy Efficiency Project (REEEP). This is in addition to the roughly nine megawatts hours of electricity supplied by the…
Gas producers for Nigeria’s power sector lose N109.5 billion yearly to dollar-denominated transactions in the supply of 1.5 billion-2 billion cubic feet of gas per day (bcf) to the domestic market, THISDAY has reported. The gas producers have asked the Nigerian Bulk Electricity Trading Plc (NBET) to pay for gas supplied for power generation at…
Sahara Group Co-founder, Tonye Cole, will join high-level African policy-makers, industry leaders and global businesses operating on the continent at the Business Council for Africa (BCA) Annual Debate on April 24. According to a statement by the organisers of the event, Cole, will contribute to a discussion on the prospects for the industrialisation of Africa….
The Managing Director of Nigeria’s Rural Electrification Agency (REA), Mrs Damilola Ogunbiyi has said the private sector is essential to achieving its goal of developing ten thousand mini-grid sites by 2023. Research has shown that Nigeria is home to 186 million people, 43 per cent of whom live without basic access to electricity. The country…
