By Oke Peter The Minister of Power, Works and Housing, Mr Babatunde Fashola, has reiterated his intention to continue with implementation of the Eligible Customer Policy despite disapproval by the electricity distribution companies, DisCos. In a statement by the minister at the 25th monthly power sector and operators meeting held in Uyo last week, Fashola…
The Nigerian National Petroleum Corporation (NNPC) has said that it would not relent in its quest to get the nation’s four refineries back to their optimal, nameplate capacities. Group Managing Director of the corporation, Dr Maikanti Baru, disclosed this shortly after receiving this year’s Man of the Year Award from Nigerian NewsDirect, a Lagos-based daily…
The Nigerian National Petroleum Corporation (NNPC) has disclosed its readiness to go paperless in its operations within the shortest possible time. NNPC Group Managing Director, Dr Maikanti Baru, gave the disclosure in Abuja, on Monday, during the inauguration of two committees: The Systems Applications and Products (SAP) Steering Committee (SC) and Group Process Council (GPC)….
Energy Worth with Agency Report Nigeria’s Minister of Finance, Mrs Kemi Adeosun, said on Friday that the Federal Ministry of Power, Nigerian Electricity Regulatory Commission (NERC) and Nigeria Bulk Electricity Trading (NBET) must ensure that meters are rolled out to improve billing accuracy and improve Distribution Companies collections. Mrs Adeosun said the collections would facilitate…
By Energy Worth The African Development Bank (AfDB) has said that it will support Nigeria’s Power Sector Recovery Programme (PSRP) in three areas. The areas listed as operational and technical intervention, governance issues and policy based support. The bank disclosed this in Abuja on Friday in a statement signed by Mrs Fatimah Alkali, Senior Communications…
In recognition of energy access impact on women in Sub-Saharan African countries. Women are emerging, not just as consumers of a new wave of innovative energy access products and services, but also as leading entrepreneurs and leaders – shaping the industry. In view of this the International Energy Agency (IEA) report has disclosed that about 600…
Rocky Mountain Institute (RMI) and the Rural Electrification Agency (REA), have set to release a first-of-its-kind, three-year roadmap for Africa on May 1, 2018. This will outlines how to achieve $0.20/kWh from electric minigrid technology by 2020. The roadmap will outline how much capital is required and a plan for transitioning funding from grants and…
OPEC for the first time is forecasting that new oil supplies from its rivals will exceed growth in demand this year as the U.S. industry thrives. The Organization of Petroleum Exporting Countries raised its expectation for supply growth from the U.S. and other producers for a fourth consecutive month, according to its monthly market report….
Royal Dutch Shell Plc and Eni SpA may have misled regulators in Nigeria by wrongly attributing oil spills to theft and sabotage in order to avoid paying compensation to affected communities, rights group Amnesty International said. “Amnesty International researchers have identified that at least 89 spills may have been wrongly labeled as theft or sabotage…
The International Energy Agency (IEA), the International Energy Forum (IEF) and the Organisation of the Petroleum Exporting Countries (OPEC) met today at the OPEC Secretariat in Vienna, Austria, to participate in the 6th Joint IEA-IEF-OPEC Workshop on the Interactions between Physical and Financial Energy Markets. The high-level meeting was co-chaired by OPEC Secretary General, Mr Mohammad…
