Leading Electricity Distribution Company, Ikeja Electric Plc (IE) has commenced the roll out of meters for customers in the Shomolu Business Unit under the Meter Asset Provider (MAP) scheme. The company, which has just completed the installation of meters for all residents of Unilag Estate in Isheri, announced that it has also commenced metering of…
Plans have been concluded by the continent’s first mini-grid financing facility, Crossboundary Energy Access, to unlock $11 billion in private capital to bring energy to 100 million people in sub-Saharan Africa. Fundraising has proven difficult to date, with the CBEA pointing out solar mini-grids, like all energy projects require a significant upfront investment and yield…
Damilola Shittu – Abuja The Nigerian National Petroleum Corporation, (NNPC), on Friday, said it has maintained its lead as the largest supplier of gas to the nation’s power sector. The Group Managing Director, NNPC, Dr Maikanti Baru in a statement in Abuja, attributed the feat to the effective management strategy adopted by the current leadership…
The Istanbul-based company, Karpowership is shaking up the power sector on the continent, currently supplying electricity to six African countries and trying to add Morocco to its client list. The six African countries include Gambia, Ghana, Sudan, Sierra Leone, Guinea-Bissau, and Mozambique, the subsidiary is, according to experts, a game changer in the field. Founded…
Stakeholders, including communities of Oil Mining Licence 25 in Akuku-Toru Local Government Area of Rivers State, and Shell Petroleum Development Company (SPDC) have agreed on the procedures for the re-opening of the oil field. The Memorandum of Understanding, which will be facilitated by the Rivers State Government, will be signed on July 1, 2019, and…
EnergyNet Limited, organiser of the foremost global investment meeting for Africa’s power, energy, infrastructure, and industrial sectors has received the ‘Organiser of the Year’ award from the event industry’s leading association the Association of Event Organisers (AEO), for the 20th Africa Energy Forum (AEF) held in Mauritius last year. The award recognised the outstanding commitment…
By Oke Peter President Muhammadu Buhari has appointed Dr Thomas John as the acting alternate chairman of the Governing Board of the Nigerian National Petroleum Corporation (NNPC), bringing to an end the tenure of the former Minister of State for Petroleum Resources, Dr Ibe Kachikwu. NNPC’s Group Managing Director, Maikanti Baru, who announced this in…
A Major Milestone for Local Energy Companies Nigerian solar energy company, Arnergy has closed a $9 million Series A round led by Breakthrough Energy Ventures with participation from All On Energy, ElectriFI and Norfund. The company will invest the funds to fuel its commercial growth with new business models and partnership opportunities, as well as…
Regulation to be separate from mining sector’s, minister says Total made country’s first deep-water oil discovery this year South Africa is working on a policy to govern the development of oil and gas resources after calls by potential investors to shield the industry from a long-running debate over laws that apply to mining exploration. The…
Heads of State, business leaders, technical experts and community representatives will gather in Zimbabwe’s Victoria Falls from 23-25 June for the Africa Wildlife Economy Summit, which aims to radically change the way the continent’s nature-based economy is managed. Convened by the United Nations Environment Programme (UNEP) and the African Union (AU) and hosted by H.E….
