Energy

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…

Shell has revealed that its ongoing Assa North/Ohaji South gas development in Imo State will produce 600 million standard cubic feet of gas per day, the energy equivalent of about 2,400 Megawatts (MW) of electricity enough to provide uninterrupted power to 2.4 million homes. Noting that 13 percent of the electricity generated in 2018 came from…

Nigerians experienced terrible power situation over the weekend as the country lost 16,458.9 megawatts of electricity due to challenges of gas supply, water management and national grid which forced 25 of the 29 power generation companies (Gencos) to cut down on their capacities. According to the report obtained from the Advisory Power Team in…

The International Energy Agency, IEA recently released the latest in-depth review of Morocco’s energy policies. The new energy policies welcomed institutional, legal and fiscal reforms which are expected to promote the sustainable development of the country’s energy sector. According to IEA, the report was presented in Rabat by Dr Fatih Birol,…

Nigeria is likely to begin to experience a better electric situation as the country, alongside others, has been found worthy by World Bank who has made available $224.7 million for investment. The board of the World Bank Group reportedly approved the fund for the Regional Off-Grid Electrification Project (ROGEP) in West Africa and the Sahel…

The Federal Government has frowned at the performance of Electricity Distribution Companies (Discos) since the privatization of the power sector in 2013. This remark was made by Vice President, Yemi Osinbajo at the 2019 workers day celebration in Abuja. According to Ripples Nigeria, he said that the government had plans underway to review the…

The supply of power in some part of Nigeria is expected to rise after the Office of the Vice President revealed that power generation had increased by 349.97MW to 3,937MW. It was, last week, reported that there was a reduction in power generation caused by the disruption of gas supply to the power plants. The Transmission Company of Nigeria…