Energy

The distribution companies (DisCos) have called for the concession of the Transmission Company of Nigeria (TCN) in order to ensure more effectiveness. The Executive Director of Association of Nigerian Electricity Distributors (ANED), Barrister Sunday Oduntan said this while speaking to Daily Sun. Oduntan said TCN is being operated like the…

Ghana’s Minister for Finance, Ken Ofori-Atta has disclosed that the government is planning to stop the “Take or Pay” policy in the energy sector from August this year.

Lukoil is set to resume drilling operations at the Romanian Black Sea gas soon after obtaining necessary permits.

The Federal government has signed a power deal with German company, Siemens AG which will help the country generate about 25,000 megawatts of electricity by 2025.

The African Development Bank, (AFDB) recently approved a loan of $500 million for Africa’s electrification through renewable energy.

The Group Managing Director of the Nigerian National Petroleum Corporation, (NNPC), Dr. Maikanti Baru has revealed that the corporation maintained its lead as the largest supplier of gas to the nation’s power sector.

Shell Foundation has announced its plans to invest $2 billion on Kano Electricity Distribution Company (KEDCO). The Managing Director of KEDCO, Jamilu Gwamna, explained that the multi-billion investment of the Oil conglomerate was aimed at boosting the services of the Distribution firm. He said this in Kano while inaugurating 170 new 500 KVA…

Twelve energy and impact investors have said that local renewable-energy grids can provide electric power to hundreds of millions of people in developing nations, especially in Africa, but will not attract enough financial backing unless they are subsidized. The group of investors urged donors to reduce financial risks for them. The director…

Domestic gas supply for the generation of electricity has recently declined again for at least a second time this year. The drop was revealed in the latest figures released by the Nigerian National Petroleum Corporation on domestic gas supply to the power sector and generation. It showed that between March 2018 and January this year, gas supply…

The Federal Executive Council, FEC recently approved $1 billion loan from Chinese EXIM Bank for the Gurara II Hydropower project. Vanguard reported that the Council also approved N5.7 billion for the revised estimated cost for the completion of Nkari dam in Akwa Ibom State. This was disclosed by the Minister of Water Resources, Sulieman Adamu…