Fernando Gonzalez is the Chief Executive Officer (CEO) of Cerro Dominador, a Concentrated Solar Power (CSP) Photovoltaic Plant in Chile, Latin America. He has over 20 years experience in the power industry, having worked at Private Equity, Fortune 500 and accounting firms in the United States of America (USA), United Kingdom and Argentina. Fernando will…
By Kimani Chege United Kingdom renewable energy company, BBOXX, has landed a USD 31 million financing deal with Africa Infrastructure Investment Managers (AIIM) to expand operations in East Africa. Also, 10 million people will gain energy access following a deal between BBOXX, a next generation utility platform, and Africa Infrastructure Investment Managers (AIIM). AIIM, though…
More than five years after the nation’s power sector was privatised, 55 per cent of electricity consumers are still being subjected to estimated billing. The Punch has reported. The Nigerian Electricity Regulatory Commission, in its latest quarterly report, said the provision of meters would improve revenue collection by the distribution companies. It said, “Metering gap…
The World Bank Thursday, unveiled its approved Action Plan on Climate Change Adaptation and Resilience covering a period of five years. Under the plan, the bank will ramp up direct adaptation climate finance to reach $50 billion over FY21–25. According to the bank, this financing level, an average of $10 billion a year is more…
By Paul BurkhardtSaudi Arabia is in talks to build an oil refinery in South Africa as part of a pledge to invest as much as $10 billion in Africa’s most developed economy. Joint studies for a refinery and petrochemical complex will be conducted by state oil giant Saudi Aramco and South Africa’s Central Energy Fund,…
Stealing fuel from oil pipelines appears not to be a peculiar Nigerian habit. It is also a problem in Mexico, where the theft cost the government about $3 billion in 2018. The News Agency of Nigeria (NAN) has reported. At least 20 people were killed and 54 were injured on Friday when a pipeline ruptured…
Damilola Shittu – Abuja Between June 2018 and January this year, power distribution companies have disconnected a total of 1,205 premises that were constructed under high-tension power lines across the country, the Nigerian Electricity Management Services Agency (NEMSA) announced on Thursday. NEMSA said the disconnection was as a result of its directive to the DisCos…
Eko Refinery and Petrochemical Company has appealed to the Federal Government to support local refiners with sovereign guarantees loans for the completion of their modular refineries. The News Agency of Nigeria (NAN) has reported. Mr Emmanuel Iheanacho, the Chairman of the Company, made the appeal in Lagos against the backdrop of local refiners’ inability to…
In a renewed commitment to its high safety standards, Nigeria’s leading electricity distribution company, Ikeja Electric Plc (IE), has warned the public under its network against building structures and engaging in social and economic activities under power lines. According to a release signed by the firm’s Head of Corporate Communications, Felix Ofulue on Wednesday, the…
The Nigerian National Petroleum Corporation (NNPC) on Tuesday said total revenues generated from the sales of white products for the period October 2017 to October 2018 stands at ₦2.684 trillion, while petrol contributed about 88.32 per cent of the total sales value of ₦2.371 trillion. This is as the national oil company raised the alarm…
