Business News – Page 4 – Energy Worth Online

Fire outbreak at Egbin Power Plant impacts TCN transformer

By Oke Peter The Transmission Company of Nigeria (TCN) wishes to inform the public of a fire incident that occurred at approximately 6:30 a.m. on August 5, 2025, at the Egbin Power Plc facility. The incident affected one of TCN’s critical assets — a 150MVA 330/132/33kV Inter-Bus Transformer II — located at the Egbin Transmission…

Shell unveils plans for Nigeria’s sustainable energy future, vows continued support

Energy Worth2 months ago04 mins

That’s performance built on foresight, technology, and a commitment to excellence

Egbin Power plant complex, Ijede, Ikorodu, Lagos.

Management confirms Egbin Power Plc, Ikeja Electric Plc, and First Independent Power Ltd are not in Receivership

Energy Worth2 months ago05 mins

Egbin Power, First Independent Power, and Ikeja Electric remain fully operational, financially stable, and firmly under the control of their legitimate management

Afreximbank provides $1.35 billion for Dangote Refinery’s $4 billion refinancing loan

Energy Worth2 months ago04 mins

With this landmark deal, we once again demonstrate that Africa’s development can only be meaningfully financed from within.

David Bird appointed as new CEO of Dangote Refinery

Energy Worth2 months ago04 mins

Bird promoted a strategy centered on trading performance, high plant utilization, and flexible feedstock options.

Marketers warn of supply disruption as Dangote Refinery moves to bypass distribution channels

Energy Worth2 months ago05 mins

We are not against the refinery. But the distribution model proposed is unsustainable.

AFDB allocates N766.7bn to Nigeria’s electricity sector

Energy Worth2 months ago04 mins

Battery storage is central to unlocking the full potential of our renewable energy resources and delivering stable, reliable power across the continent.