IEA appoints first African to oversee deals on energy issues across the continent
The International Energy Agency (IEA) has hired Mr Maximilian Jarrett as its first Africa Programme Manager to help expand the Agency’s reach and coordinate its work as it deepens its engagement across the continent. Business Hilights gathered that Jarrett brings…
Nigeria advancing from gas to power to ‘gas to people of Nigeria’—DPR
More accolades have continued to greet the activation of the national gas flare commercialisation programme by the Department of Petroleum Resources (DPR) as Nigeria to kick off gas flare commercialisation from 45 sites. In his remarks at the Lagos gas…
Ghana electricity Disco going digital to tame power theft
The Electricity Company of Ghana (ECG) has concluded plans to deploy Artificial Intelligence and Remote Sensors across its systems to fight power theft across the country. This is as fact check has shown that several Discos in Nigeria have resorted…
(Special Report) Why FG won’t payoff Discos N2.68trn if it revokes concession now
Background In Law of Contract, when given and signed terms and conditions of agreement are not met; the originator reserves the right to revoke the contract citing failures perpetrated by the executor in chief. About seven years ago and precisely…
Digitization now a critical component in oil and gas industry—Derefaka
Technical Adviser (TA) to the Honorable Minister of State, Petroleum Resources on Gas Business & Policy Implementation, and Program Manager, Nigerian Gas Flare Commercialization Programme (NGFCP), Engr Justice Derefaka, has raised issues of urgent oil and gas industry importance. Making…
(Special Report) Revocation of Discos’ licences very close by
Going by the strong signals transmitted from this week’s Federal Executive Council (FEC) meeting on Wednesday, announcement of the revocation of electricity distribution companies (Discos) licenses any moment from now would not be any surprise to Nigerians. This assumption stemmed…
Work on 3050MW Mambilla Power Plant to begin as litigant withdraws suit at ICA
Though funding remains another major bottleneck, but last week’s withdrawal of age long lawsuit filed at the International Court of Arbitration against the execution of the project against the 3050MW Mambilla Power Plant, may have cleared the way for any…
2022 too far for upgrading wheeling capacity to 20,000 MW, TCN told
The Organised Private Sector (OPS) has described the recent position of the Transmission Company of Nigeria (TCN), that it has concluded plans to increase Nigeria’s wheeling capacity from 8, 000 to 20,000 megawatts by 2022 as bad news. Recall that…
Nigeria year of gas revolution takes off with investors in 45 gas flaring sites
Atmospheric sanity is underway in Niger Delta as Department of Petroleum Resources (DPR) is now in the bidding process for over 200 bidders who are competing for the available identified gas flare sites beginning with 45 sites in Nigeria. Accordingly,…
FG’s hike in electricity tariff by 50% worrisome without commensurate power
Strong indication has suggested that directive from the Nigeria Electricity Regulatory Commission (NERC) to electricity Distribution Companies (DisCos) ordering them to hike their tariffs by an average of 50 per cent come April 1 is a way of running away…
