Category: Energy and Power
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Electricity: GenCos fail to generate 1.631.5 megawatts due to gas shortage
Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations said that they could not generate 1,631.5 megawatts of electricity on Saturday due to unavailability of gas. This is contained in a daily energy report by the Advisory Power Team, office of the Vice President, a copy of which was obtained by the News Agency of…
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Oil slips as focus shifts from Saudi supply to global demand concerns
Oil prices eased on Tuesday as weak manufacturing data from Europe and Japan focused market attention on the gloomy outlook for demand and away from uncertainty around supply disruptions in Saudi Arabia. Brent crude futures LCOc1 fell 40 cents to 64.37 dollars a barrel by 0624 GMT, while U.S. West Texas Intermediate (WTI) futures CLc1…
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JUST IN: NNPC secures $875.75m funding deal for OML 65
The Nigerian National Petroleum Corporation (NNPC) says it has signed a 875.75 million dollar funding and technical services agreement and alternative financing deal for the Nigerian Petroleum Development Company (NPDC) operated Oil Mining Lease (OML) 65. The Corporation in a statement by its spokesman Mr Ndu Ughamadu in Abuja on Sunday, said it signed the…
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NNPC commences repair of damaged oil pipeline in Otu-Jeremi
Malam Mele Kyari, the Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC) says the corporation has begun repair of its damaged Abura Crude Trunk line. The Abura Crude Trunk line at Otu-Jeremi town in Delta experienced an eruption on Friday. Kyari, who gave the assurance on Saturday in Benin shortly after he tee-off at…
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TCN gets $1.6 billion to boost power supply in Nigeria
The Transmission Company of Nigeria (TCN), says it has received 1.661 billion dollars from multi-lateral donors to boost power supply in the country. Mr Usman Mohammed, the Managing Director of TCN made this known at the organisation’s quarterly news conference in Abuja on Thursday. Mohammed said that TCN had raised significant amount to reinforce the…
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Pandemonium as fire guts 150MVA TCN transformer in Edo
There was pandemonium on Sunday morning along Sapele Road in Benin city after a 150MVA transformer exploded and burst into flames. The fire destroyed the 150MVA transformer belonging to the Transmission Company of Nigeria (TCN) at the 330/132/33KVA substation along the road. A staff of TCN, who spoke on condition of anonymity, said the fire…
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Why power supply cuts off during rainfall
The Abuja Electricity Distribution Company (AEDC), says that it cuts-off electricity supply most times when it rains to save lives, properties and to protect its equipment. Mr Oyebode Fadipe, AEDC’s General Manager, Corporate Communications gave the explanation while speaking with the News Agency of Nigeria on Sunday in Abuja. Fadipe, was reacting to complaints by…
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UPDATED: FG revokes MKO Abiola’s oil license
The Federal Government has revoked the oil prospecting licence granted late Basorun MKO Abiola, the acclaimed winner of the June 12 1993 Presidential election annulled by former military president Ibrahim Babangida. In a public notice issued on Thursday by the regulatory body, the revocation was based on a presidential directive to “recover legacy debts” owed…
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GENCOs release 4,141MW of electricity to national grid
Electricity Generating Companies (GenCos), comprising gas-fired and hydro stations, released an average of 4,141 megawatts of power to the national grid on Saturday, a daily energy report has shown. The report, which was compiled by the Advisory Power Team, Office of the Vice President, was made available to News Agency of Nigeria (NAN) on Sunday…
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UNN sets record of electricity generation with organic waste
The University of Nigeria Nsukka (UNN) on Tuesday set the record of electricity generation by using organic waste to install 100KVA Refuse Drived Fuel (RDF) gasification plant for its Nsukka Campus. Prof Benjamin Ozumba, UNN Vice-Chancellor, who expressed happiness over the project during its inauguration, said the university would no longer be a customer to…