A major stride in the attainment of national energy sufficiency was achieved in Lagos on Monday with the commencement of technical framing workshop and subsequent project signing ceremony of the seven Critical Gas Development Projects (7CGDP) to deliver about 3.4 billion standard cubic feet of gas per day (bscfd) to bridge the foreseen medium term […]
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Nigeria’s electricity generation system collapsed three times in the second quarter of this year, the latest report from the Transmission Company of Nigeria obtained on Friday in Abuja indicated. This is, however, considered a significant improvement over the first quarter’s performance when the grid collapsed seven times. The report showed that the frequency in the […]
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The Nigerian National Petroleum Corporation (NNPC) has announced the attainment of a two-year record spike in gas supply to power generation, which hits 854.40million Standard Cubic Feet of gas per day (mmscfd) for March 2018, translating to an equivalent power generation of 3,492MW. Details of the March 2018 National Gas Production figures contained in the […]
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The Federal Government said it has, so far, registered 700 artisanal and small scale miners into licensed cooperatives. Minister of State for Mines and Steel Development, Abubakar Bwari, who disclosed this during a press conference in Abuja, yesterday, noted that ₦5 billion is with the Bank of Industry (BOI); in support of artisanal and small […]
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The Transmission Company of Nigeria on Tuesday announced that it had cleared 655 power equipment containers that were stranded at various seaports in the country for more than 15 years. It stated that over 800 containers were abandoned at different ports across the country for more than a decade, adding that some of them had […]
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The Afe Babalola University, Ado-Ekiti has announced the commencement of its independent power project. The ABUAD said in a statement that the initiative, being undertaken in partnership with Project Consortium, Wema Bank Plc and FCMB Plc, had made it the first university to embark on such a project in the country. It said the turning […]
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The Afam VI power plant in Rivers State, owned by Shell Petroleum Development Company of Nigeria Limited, is set to deliver its net dependable capacity of 624 megawatts to the national grid, barring any restrictions from the regulator of the power market. The Managing Director, SPDC and Country Chair, Shell Companies in Nigeria, Osagie Okunbor, […]
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The Federal Government is pushing for the use of local technology for the rehabilitation of the four refineries located in Port Harcourt, Kaduna and Warri aside sourcing for third-party financiers for their revamp. The government also says that international oil companies that are joint venture partners with the Nigerian National Petroleum Corporation in the production […]
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The management of Ibadan Electricity Distribution Company (IBEDC), said it has made all outstanding payment on the N6billion loan that instigated the suspension of its directors by the Nigerian Electricity Regulatory Commission (NERC). A statement by the Company Secretary, Seye Alayande , said the news of the suspension was received with shock and disbelief. Alayande […]
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Minister of State for Petroleum Resources Dr. Ibe Kachikwu said yesterday that the oil and gas sector had witnessed positive transformation since the “Declaration of Cooperation” by the Organisation of Oil Exporting Countries (OPEC) and non-OPEC members. Dr. Kachikwu spoke to reporters on the sideline of the seventh OPEC International Seminar in Vienna, Austria, with […]
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The Nigerian Electricity Regulatory Commission (NERC) has suspended the Board of Directors and key management staff of Ibadan Electricity Distribution Company (IBEDC) over ₦5.7 billion loan balance d default. The suspension, according to the commission’s Head of Media Unit, Mrs Vivian Mbonu, in a statement yesterday, was “vide its Order No NERC/181/2018 of June 19th […]
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Power generation has risen to 3,876.9 megawatts after the Nigerian National Petroleum Corporation fixed the gas pipeline that was ruptured on Friday, which supplies gas to most thermal electricity generating plants in the country. Data obtained from the Transmission Company of Nigeria in Abuja on Tuesday showed that the country’s power generation increased by 1,304.3MW, […]
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