2022 Africa Oil Week holds October 3 in Cape Town
Under the theme ‘Sustainable Growth in a Low Carbon World’, Africa Oil Week will advocate the importance of developing hydrocarbons in Africa and the sustainable development of oil and gas.
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FG advocates for a multi-track energy transition programme
Sylva said Nigeria will remain at the vanguard of the crusade for a multifaceted energy transition timetable that will attract more investments for Africa while taking cognisance of the current global energy transition in the direction of renewable energy.
High price of diesel
Today, it is dispensed at about N720-N730 per litre. This is a dilemma for Nigerian manufacturers who had hitherto been operating under a most inclement business climate. Indeed, this is the essence of the manufacturers’ plea to government for help.
Electricity Crisis: Three reasons Nigeria is in darkness —Barth Nnaji, former Power Minister
“If we are going to be a mid-level economy, then we should clearly be talking about having the sort of power supply that Brazil has, which is over 100, 000 megawatts. If we are going to have 100, 000 megawatts of power supply, then we need to have transmission lines to match that capacity, but we don’t have it”.
Subsidy deduction: Allocation Committee meets today as NNPC action threaten states’ allocations
The planned deduction of N242.53bn fuel subsidy from the Federation Account this month by the Nigerian National Petroleum Company Limited is raising uncertainty among states as the Federation Accounts Allocation Committee is scheduled to meet on Tuesday (today).
CSR: Ikeja Electric upgrades electrical workshop at Govt Tech College to boost technical education
At the commissioning ceremony held on Tuesday, March 15, 2022 at the College, IE noted that the gesture was aimed at boosting technical education in the state, while complementing the efforts of government through its Corporate Social Responsibility (CSR) initiatives.
Egbin Power inducts 30 graduate engineers to drive human capital development in power sector
Egbin, a subsidiary of the Sahara Power Group, has so far inducted over 200 graduate trainee engineers as it continues to “proactively, responsibly and sustainably shape Nigeria’s power narrative for socio-economic advancement and industrialization,” said Kola Adesina, Group Managing Director, Sahara Power Group.
Europe announces an additional US$170bn of finance for Africa, as stakeholders prepare to gather in Brussels for the 24th Africa Energy Forum this June
Simon Gosling, Managing Director of EnergyNet, commented “It’s great to be back to full capacity!! As we reflect on the past 24 months it feels like the world has truly adjusted and is daring to be more responsible in investment decision making. However, responsible investing needs to be aligned with the reality of the private sector which can only survive in a profit enabled world, seeking out new revenue streams to maintain a strong and sustainable business.
OP-ED: Africa can adopt renewable energy on a massive scale and save billions along the way
Africa knows where it needs to go. The big question is how. And more specifically: what is the most cost-effective energy mix that can be built to deliver all the new electricity capacity that is needed? Wind, solar, gas turbines, coal, gas engines… numerous options are available, but there is only one sweet spot.
Global Energy Alliance for People and Planet and OLADE to co-chair multi-continent private sector investor’s summits in Washington D.C.
This super high-level round table will focus on market liquidity and the enabling environments for the private sector, the future role of SOEs to support the transition and the challenges governments can face as they consider how diversifying sector revenue flows will impact energy security.
It will be Co-Chaired by Alfonso Blanco Bonilla, Executive Secretary at OLADE; and Joseph Nganga, from the Global Energy Alliance for People and Planet.