Energy Worth with Agency Report Eko Electricity Distribution Company (EKEDC) has disclosed that it has restored power supply to residents of Ijegun Imore New Estate in Satellite Town after nine months outage due to transformer fault. EKEDC Business Manager, Festac Unit, Mr Owolabi Olubango, told newsmen on Monday in Lagos that the company repaired the…
By Energy Worth The Federal Ministry of Power and the Rural Electrification Agency (REA), is partnering with a private company- METKA Power West Africa to provide hybrid energy solutions to four federal universities and university teaching hospitals across the country. In a press statement released by Mytilineos – the parent company of the partnering firm,…
By Oke Peter The Transmission Company of Nigeria (TCN), on Wednesday, has called on the electricity Distribution Companies (DisCos) to recapitalize their investment in order to enhance their network distribution. The company expressed fears that despite its existing capacity, load rejection from the DisCos, which causes high frequency and system collapse could still persist unless…
The Federation Account Allocation Committee (FAAC) meeting scheduled to hold on Wednesday was postponed due to alleged underpayment into the federation account by the Nigerian National Petroleum Corporation (NNPC). The News Agency of Nigeria (NAN) has reported. Mr Mahmoud Yunusa, Chairman, Forum of Finance Commissioners of FAAC, who disclosed this to newsmen in Abuja,…
The National Association of Nigerian Students (NANS), and the National Union of Petroleum and Natural Gas (NUPENG) have disclosed that the Federal University of Petroleum Resources (FUPRE) in Delta State is being under-funded by the Federal Government. The Zone B coordinator of NANS, Okereke Godson, declared this yesterday after a meeting with the Vice Chancellor,…
Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, today announces the final investment decision for Vito, a deepwater development in the U.S. Gulf of Mexico with a forward-looking, break-even price estimated to be less than $35/bbl. This decision sets in motion the construction and fabrication of a new, simplified host design and…
Energy Worth with Agency Report Landlords and tenants of Alaba Oro, Mosafejo Amukoko, Abule Kere and Olaniyonu communities in Lagos, instituted a N50m suit against the Nigerian Electricity Regulatory Commission (NERC) and Eko Electricity Distribution Company PLC over estimated electricity billing. The News Agency of Nigeria (NAN) has reported. Raji Yusuf Olatunji, Omololu Sulaiman, Muritala…
By Energy Worth The Nigerian Association for Energy Economics (NAEE), has called on President Muhammadu Buhari-led administration to set up an energy council made up of experienced and reliable energy professionals and operators from across the country to advise and proffer workable solutions to the federal government on how to address Nigeria’s dilemma with her…
United States oil producers are reaping the benefits of OPEC’s efforts to balance the crude market by flooding Europe with a record amount of crude, hurting traditional suppliers such as Nigeria. Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by 1.8 million barrels per day (bpd),…
The Nigeria Electricity Regulatory Commission (NERC) has disclosed that only 42 per cent, translating to 3,360,000 out of eight million billed electricity customers, have meters in the country. NERC commissioner in charge of finance and management services, Nathan Shatti, gave this information at the monthly NEXIER Power dialogue for the month of April held in…
