By Energy Worth A bill to prohibit the issuance of estimated electricity bill to power consumers across the country has been initiated in the House of Representatives. The Bill, sponsored by the Leader of the House, Honourable Femi Gbajabiamila, the proposed legislation has consequential orders criminalising such billings method which many Nigerians considered as extortion…
Energy Worth with Agency Report Some German experts have concluded and launched a “PV-Calculator”. The tool compares costs of solar power with the currently existing diesel generation costs for a specific planned PV project and generates an individual economic approximation for the considered solar investment. It is also handy, quickly generates numbered results and has…
There are strong indications that the N701 billion payment assurance facility secured by the Nigerian Bulk Electricity Trading Plc (NBET) for power generation companies (Gencos) in Nigeria may not last up to the 24 months disbursement timeline it was originally planned for. This is because of the poor financial remittances of the 11 electricity distribution…
The Nigerian National Petroleum Corporation (NNPC) has concluded arrangement for the historic groundbreaking of the 40inch x 614km Ajaokuta – Kaduna – Kano (AKK), gas pipeline and stations in the weeks ahead. The corporation said following last week’s successful execution of contract agreements for the engineering, procurement, construction, commissioning and financing for Lots 1 and…
Energy Worth with Agency Report The Programme Manager, National Gas Flare Commercialisation Programme (NGFCP), Federal Ministry of Petroleum Resources, Justice Derefaka, has disclosed that Nigeria loses approximately $10 billion of revenue through gas flaring, due to its inability to capture and commercialise flared gas in the country. He further stated that if flared gas is…
Any increase in the price of Premium Motor Spirt as a result of the five per cent levy on the product as stipulated in the Petroleum Industry Governance Bill that was recently passed by the National Assembly will not be welcomed by Nigerians, oil marketers have said. The Punch newspaper has reported. According to the…
Energy Worth with Agency Reports The Kaduna State governor, Mallam Nasiru El-Rufai, on Wednesday, inaugurated Blue Camel Renewable Solar Power Assembly Plant and Renewable Energy Training Academy in Kaduna. The governor said at the launch in Kaduna that the plant was important to the Kaduna State Government “because we believe that renewable energy and solar…
Organization of Petroleum Exporting Countries (OPEC) crude oil production fell in March to the lowest since April 2017 as a result of declining Angolan exports, Libyan outages and a further slide in Venezuelan output, thus increasing compliance with a supply-cutting deal by the oil producers to another record. OPEC pumped 32.19 million barrels per day…
A company, Onose Tbea Energy Limited registered in Nigeria and determined to stop poor power supply in the country is set to build a 400MW Combined Power Plant at Ekrokpe and Ekrejegbe communities in Ughelli South Local Government Area of Delta State. In a statement made available to newsmen by the Managing Director of the…
By Energy Worth There are strong indications that debts are piling up in the Nigerian Electricity Supply Industry (NESI) as only four of the country’s 11 distribution companies, Discos, paid for supplies of power they received for transmission to their customers from the generation companies, GENCOs in January 2018. Information available to this website indicated…
