Category: Energy and Power
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Gencos fail to generate more MW of electricity, give reasons
Gas-fired and hydro electricity generating stations in Nigeria released an average of 4,197 megawatts of electricity into the national grid on Saturday, a daily energy report has said. According to the report, energy sent out by the stations was down by 230.25 megawatts from the figure released on Friday It, however, said that 1,928.5 megawatts…
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Otedola moves to acquire Forte Oil upstream, power firm
Majority shareholder of Forte Oil Plc, Mr Femi Otedola , is planning to buy out the company’s upstream services and power distribution firm to be ratified by the shareholders on Feb. 7. Mr Akinleye Olagbende, the firm’s Company Secretary, disclosed this in a letter to the Nigerian Stock Exchange (NSE) on Wednesday. Olagbende said the…
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Publish ‘names of contractors that disappeared with money for power projects’, SERAP tells Fashola
Socio-Economic Rights and Accountability Project (SERAP) has sent a Freedom of Information request to Babatunde Fashola, SAN, Minister of Power, Works and Housing urging him to use his good offices and leadership position to “urgently provide information on specific names and details of contractors and companies that allegedly collected money for electricity projects but failed…
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How Blockchain can revolutionize the energy industry in Africa: OPINION
By Nsikak John In Africa, the demand for electricity largely exceeds supply. Nigeria’s shortage of 173,000MW (for a nation whose current energy needs is around 180,000MW) gave rise to large-scale imports of noisy and polluting power generating sets. Most sub-Saharan African countries experience the same. In rural areas in Rwanda, where over 70% of the…
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NNPC explains drop in gas supply
The Nigerian National Petroleum Corporation (NNPC) has said that the drop in power generation could have been triggered by the continuous rejection of load by the distribution companies due to frequency management. The corporation disclosed this in a statement signed by Mr Ndu Ughamadu, the Group General Manager, Group Public Affairs Division, on Wednesday in…
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P/Harcourt disco urges FG, states to pay N10.2bn electricity debt
The Port Harcourt Electricity Distribution Company (PHED) has urged both the Federal and State Governments to pay the N10.2 billion electricity bill they owed the company. A statement issued by PHED’s Manager of Corporate Communication, Mr John Onyi, on Monday in Port Harcourt quoted the company’s Chief Executive Officer, Mr Naveen Kapoor as demanding the…
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Power generation rises to 7,000 mega watts, says Fashola
Nigeria’s current power generation has reached 7000 Mega Watts, the Minister of Power, Works and Housing, Mr Babatunde Fashola, has said. Fashola said this on Friday in Calabar at the Federal Ministry of Power, Works and Housing 4th Edition Retreat for top directors, heads of units and chief executives of agencies and parastatals. He said…
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NNPC appoints Mallam Mele Kyari OPEC national representative
The Nigerian National Petroleum Corporation (NNPC) has announced the appointment of Mallam Mele Kyari, incumbent Group General Manager in charge of its Crude Oil Marketing Division, as Nigeria’s National Representative to the Organization of the Petroleum Exporting Countries (OPEC). The NNPC in a statement by its Group General Manager, Group Public Affairs Division, Ndu Ughamadu,…
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NNPC boosts gas supply to power sector by 88.89%
The Nigerian National Petroleum Corporation (NNPC) increased the supply of gas to the power sector by 88.89 per cent between January 2017 and January 2018. A press statement by the NNPC Spokesman, Mr Ndu Ughamadu, in Abuja on Sunday, said the information was reported in the corporation’s monthly Financial and Operations report for January 2018.…
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Okowa performs ground-breaking for 400MW power plant
Delta State Governor Ifeanyi Okowa yesterday performed the ground-breaking ceremony for a 400MW combined cycle power plant, expressing joy that Delta State has become hub for investors in the gas sector. The Governor who performed the ground-breaking ceremony at Ekrokpe/Ekrejegbe, Ughelli South local government area said, “we are glad as a state that we will…