Category: Energy and Power
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Nigeria loses billions of naira to gas flaring within 2 months
Nigeria lost at least N94 billion to gas flaring between July and August 2016. This is according to a monthly report from the Nigerian National Petroleum Corporation (NNPC) which shows that oil and gas companies flared a total of 87.03 billion standard cubic feet of natural gas within that period. A breakdown of the figures…
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Electricity to increase by 100 megawatts in Kano
The Kano State ongoing Hydro Electricity Plant project in Tiga, Bebeji Local Government Area has reached 85 per cent completion and will be inaugurated by the first quarter of 2017, Mohammed Garba, the Kano State Commissioner of Information has said. Garba disclosed this on Wednesday in an interview with the News Agency of Nigeria (NAN)…
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Buhari’s govt signs Joint Development Agreement, to boost power supply
The government of President Muhammadu Buhari has yesterday signed a Joint Development Agreement (JDA) with key investors with the view to securing investment into the 100 MW (DC) Nova Scotia Power plant located in Dutse in the Northern Nigerian state of Jigawa. Signing the agreement, the stakeholders said the project has the potential to significantly…
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Senate to investigate disbursement of N213bn Power Intervention Fund
The President of the Senate, Dr Bukola Saraki, said that the Senate would look into disbursement of the N213 billion power sector intervention fund by the Central Bank of Nigeria (CBN). Saraki made this known in a statement signed by his Chief Press Secretary, Mr Sanni Onogu, on Saturday in Abuja. Saraki, according to the…
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FG to boost electricity by 700 megawatts
Electricity is set to receive a boost as the Federal Government has said that has said it is ready to 700 megawatts of electricity to the national grid at the completion of the Zungeru Hydro Power Plant in Niger State. Minister of Power, Works and Housing, Mr Babatunde Fashola, disclosed this in a statement, saying…
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37.5% of vessels operating in oil & gas industry owned by Nigerians– NCDMB
The Nigerian Content Development and Monitoring Board (NCDMB) has said that 37.5 per cent of vessels operating in the Nigerian Oil and Gas industry are owned by Nigerians. The Executive Secretary of NCDMB, Mr Simbi Wabote, disclosed this in an interview with the newsmen on Monday in Lagos. Wabote said that these was a marked…
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Niger, Kogi to receive 65,000 electricity meters
The Abuja Electricity Distribution Company (AEDC), says that plans are at advanced stage to begin mass installation of 65,000 meters in Niger and Kogi. A statement from the management of AEDC in Abuja on Thursday, Said that the installation of the meters was in line with its commitment to metering all the customers under its…
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Senate to pass Petroleum Industry Bill in tranches – Saraki
The President of the Senate, Dr Bukola Saraki, says Senate will pass the Petroleum Industry Governance Bill (PIGB) in tranches as a way out of its non-passage for the past eight years. Saraki made this known at a three- day Public Hearing on the PIGB organised by the Senate Joint Committee on the bill on…
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EKO Disco to install 138 transformers
The Management of Eko Electricity Distribution Company Plc (EKEDC) has said that over 138 transformers worth N700 million had been acquired for replacement of faulty ones to boost supply during the festive period. Mr Oladele Amoda, the EKEDC’s managing director made the disclosed during an inspection of newly acquired equipment at EKEDC Ijora main store…
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Blackout: Disco apologises to Lagos residents over power outage
The management of Eko Electricity Distribution Company (EKEDC) on Saturday apologised to customers over continuous shortage of electricity supply. A statement by Mr Godwin Idemudia, the company’s Head of Corporate Communications in Lagos, blamed the shortage on a drastic reduction in the amount of electricity coming to EKEDC from the national grid. According to the…