According to her, industry advocacy groups like Oil Producers Trade Section (OPTS) in Nigeria were a useful tool to help push a clear and harmonised set of standards for implementing ESG goals in African countries and working in tandem with the energy ministries.
The 4-kilometre (2.5-mile) connection from the Forcados export terminal, which typically exports around 250,000 barrels per day (bpd) of oil, into the sea was found during a clamp-down on theft in the past six weeks.
In its Nigerian Capital Importation Report for the second quarter of 2022, inflows of foreign investments into the oil and gas industry, which stood at $68.6m (N30bn) in the first half of 2021, crashed to $2.5m (N1bn) in the first half of 2022, making it a 97 per cent drop.
Engr. Sule Abdulaziz, the Managing Director of Transmission Company of Nigeria (TCN), said this in Abuja while inspecting ongoing projects in the Federal Capital Territory (FCT) on Wednesday.
These financing mechanisms aim to unlock $1 billion through insurance, guarantees, credit assessment and other financial tools.
“Our customers’ expectations are clear – they want affordability and reliability to remain a central focus as we work to achieve net-zero carbon emissions by 2050,” said Lynn Good, Duke Energy chair, president and CEO
Husk Power’s portfolio is growing in Nigeria. The Colorado, USA-based renewable energy provider is commissioning six new hybrid solar mini-grids of 50 kWp each. The installations serve six rural communities in Nasarawa State.
CrossBoundary Energy Access (CBEA) and Engie Energy Access are joining hands for electrification in Nigeria. The two companies are committed to developing a portfolio of grid-equipped solar mini-power plants for the electrification of rural communities. Engie plans to deploy mini-grids to power 150,000 people.
The programme aims to support access to clean energy by increasing the financial viability, and promoting scaled up commercial investment, in renewable energy mini-grids, with a focus on cost-reduction levers and innovative business models.
This is an important milestone in the history of the Universal Energy Facility,” said Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All and Co-Chair of UN-Energy.
