Damilola Shittu – Abuja The power Distribution Companies (DisCos) have insisted that there is no 2,000 megawatts (MW) stranded in the Nigerian Electricity Supply Industry (NESI) that can’t be delivered. But the Generation Companies (GenCos) confirmed the existence and are seeking ways to evacuate and supply more electricity to Nigerians. The Permanent Secretary (Power), Federal…
Ashaka Cement Company, a subsidiary of Lafarge Africa Plc has unveiled plans to inaugurate a 16-megawatt power plant in order to improve and solve the country’s energy problem. The Managing Director, Ashaka Cement, Rabiu Abdullah Umar, who disclosed this while speaking with journalists during the 2018 award ceremony for its distributors, said the company spent…
By Oke Peter The Federal Government, has warned it would revoke the licenses of oil producing firms that failed to pay up their royalties. Minister of State for Petroleum Resources, Dr Ibe Kachikwu, gave the warning at a Ministerial press briefing on key achievements of the Department of Petroleum Resources on crude oil, LNG tracking…
By Alfred Akuki First Bank of Nigeria Limited and Azuri Technologies, a leader in pay-as-you-go solar technology, today announced a unique partnership that will help deepen financial inclusion in Nigeria while bringing affordable, reliable and clean power to millions of Nigerians. Under the partnership, Azuri’s solar home TV product will be co-branded and co-marketed by…
By Colleen Goko, Paul Burkhardt and Prinesha Naidoo South Africa’s debt-laden power utility raced to stabilise the grid by resorting to the most intense supply cuts in four years while Moody’s Investors Service warned a plan to fix it fell short. Eskom Holdings SOC Ltd. is implementing so-called stage 4 rotational power cuts from 1…
The oil and gas sector in Nigeria, particularly upstream, will be affected by policy uncertainties, security, and slump in the price of crude oil, stakeholders have said. Players in the industry, in an outlook, ahead of the general elections, equally urged politicians to desist from comments that could further reduce investment inflow of into the…
Oil and gas companies operating in Nigeria got a total of 12,383 service permits in 2018 for the services rendered in the sector. The Punch has reported. The Department of Petroleum Resources (DPR) said the service permits were issued in three categories. In a document detailing some of its achievements in 2018, which was obtained…
By Laurie Hammond and Thibaut Hollanders The world, including investors, will keep a close eye on the various national elections to be held in Africa this year. The lead up and aftermath of national polls usually comes with uncertainty, something which investors tend to avoid if possible. National elections have recently been completed in the…
The Transmission Company of Nigeria said on Thursday that it had raised a total of $1.623bn for power transmission projects across the country. The News Agency of Nigeria (NAN) has reported. The Managing Director/Chief Executive Officer, TCN, Mr Usman Mohammed, who disclosed this in Lagos at the inauguration of a substation in Ilashe, said the…
Five people have been killed by a gas explosion in an unused coal mine in South Africa’s eastern province of Mpumalanga and several others remain trapped, police said on Thursday. State broadcaster SABC said about 20 people were still stuck underground at the mine in Middleburg. According to Reuters, rescue efforts were hampered by dangerously…
