Gas is the future of energy development in Nigeria, says Kyari
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said that gas is the future of energy development in Nigeria.
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NDPHC: Bridging the electricity gap
One of such interventions was in 2005 when the Federal Government set up the Niger Delta Power Holding Company Limited (NDPHC) to fast-track power sector infrastructure development.
25,000MW power project: FG approves pre-engineering contract as Siemens begins work
“Nigeria’s power system is suffering from an imbalance between power generation and demand. Despite more than 8,000 MW of operational power generation capacity in the country, only an average of 4,500 MW reliably reaches consumers.
Nigeria accelerates plans to encourage downstream investment
The panel discussed how Nigeria could improve investment into the sector through increased beneficiation opportunities, encouraging local transformation and boosting local market and job opportunities through local beneficiation and developing the Made in Nigeria brand.
We don’t fix electricity tariffs, says FG •Vows to reduce political influence in the power sector
However, other members of the panel, including the Chief Executive Officer, ZJK Energy, Mr. Rumundaka Wonodi; Principal Consultant, Emtech Energy Services, Ifey Ekeonu; and Head, (PMU) Nigeria Electrification Project (NEP), Mr. Kenny Anuwe, agreed on the need to reduce the political influence in the power sector.
Will Buffett’s $10bn bet on natural gas go bust?
Buffett’s US$10-billion bet on natural gas infrastructure shows that the billionaire investor believes that natural gas hasn’t run its course, regardless of what environmentalists and climate-conscious investors think.
Malian solar firm SolarX raises Series A funding round
The funding round was led by Energy Access Ventures (EAV), an early-stage fund investing in decentralised energy companies across Sub-Saharan Africa, and the UK’s CDC Group, and will be used to help SolarX develop and operate projects in Mali, Burkina Faso and Ivory Coast.
Non-payment of compensation stalls 3,050MW Mambilla Hydropower project
It was gathered in Abuja on Monday that while the Federal Government had made payments for survey works and sensitisation of the affected communities, it had yet to make progress on the project due to the non-payment of compensation.
Bolamark Engineering receives Schneider Electric’s Lifetime Achievement Award
Alhaji Azeez, on behalf of his company, received the Lifetime Achievement Award for his long-standing partnership with the energy management firm, Schneider Electric.
NNPC spends N10bn on comatose refineries in April
“We have a situation now of a refinery that has not functioned for three years, yet it’s paying salaries. Every staff is being paid. We have carried on paying salaries. Nobody can sack anybody.