The Oil Bloc
Your first choice for oil industry news

- Advertisement -

Browsing Category

Energy

DisCos call for consession of Transmission Company of Nigeria

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…

Shell invests $2bn on Kano electricity

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…

Investors advice subsidizing solar grids to power rural Africa

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

Power generation drop as a result of decline in gas supply

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

FEC approves $1bn bank loan for Gurara Hydropower project

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
Translate »