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Puma Energy completes recapitalization, consolidation into Trafigura

Leave a Comment / Power, World / Alison_Godswill

Puma Energy completes recapitalization, consolidation into Trafigura Trafigura Group Pte Ltd and Puma Energy have announced the completion of the USD 500 million rights issue to recapitalize Puma Energy following receipt of regulatory approvals. As a result of the conversion of the convertible loan into Puma Energy equity, Trafigura’s shareholding in Puma Energy will increase […]

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Senate to improve Nigeria’s Power Generation Capacity

Leave a Comment / Nigeria, Power / Alison_Godswill

Senate to improve Nigeria’s Power Generation Capacity The Senate has concluded plans to increase Nigeria’s electricity generation capacity as many consumers continue to live in darkness. Specifically, the Senate, Tuesday, considered the Electricity Bill, 2021, which seeks to consolidate all legislations in the power sector into one electricity statute. Already, the bill, which has scaled

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Schneider Electric launches Partnerships of the Future

Leave a Comment / INTERNATIONAL, Power / Godswill Odiong

In its quest to strengthen global efforts of designing a more resilient, sustainable electric world, Schneider Electric, the leading firm in digital transformation, energy management and automation, has showcased pioneering energy management innovations and partner programs during its “Partnerships of the Future fueling sustainability and efficiency”. To address the global urgency of climate change and

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Sylva opens NCDMB Research Incubation Centre, launches $50m R&D Fund

Leave a Comment / Local content, Nigeria, Power / Alison_Godswill

Sylva opens NCDMB Research Incubation Centre, launches $50m R&D Fund The Minister of State for Petroleum Resources, Chief Timipre Sylva on Thursday commissioned the Nigerian Content Development and Monitoring Board’s Technology Incubation and Innovation Center and formally launched the US$50 million Nigerian Content Research and Development Fund. The Minister performed these tasks at the second edition of the NCDMB R&D Fair and Conference held on Thursday at the

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NCDMB, Bayelsa sign Power Purchase Agreement on 10MW IPP

Leave a Comment / Local content, Nigeria, Power / Alison_Godswill

NCDMB, Bayelsa sign Power Purchase Agreement on 10MW IPP The Nigerian Content Development and Monitoring Board (NCDMB) and the Bayelsa State Government on Wednesday signed a Power Purchase Agreement (PPA) for the delivery of electricity from the 10 megawatts gas-fired independent power plant constructed by the NCDMB in partnership with the Nigerian Agip Oil Company

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Corporate Knights ranks Schneider Electric World’s Most Sustainable Company

Leave a Comment / Power / Alison_Godswill

Corporate Knights ranks Schneider Electric World’s Most Sustainable Company The leading company in the digital transformation of energy management and automation, Schneider Electric, has been ranked the world’s most sustainable corporation, in a prestigious annual list compiled by Corporate Knights, a media and research company focused on corporate sustainability performance. The recognition which coincides with

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ELECTRICITY: NERC issues new Order seeking financial control of govt-owned TCN

ELECTRICITY: NERC, Eko DisCo deny new tariff increase

Leave a Comment / Power / Alison_Godswill

ELECTRICITY: NERC, Eko DisCo deny new tariff increase By Eyo Nsima The Nigerian Electricity Regulatory Commission, NERC and Eko Electricity Distribution Plc, have denied increasing electricity tariff in Nigeria. The Nigerian Electricity Regulatory Commission, NERC, has directed the Electricity Distribution Companies, DisCos, to start the collection of Service Based Tariff, SBT, from September his year.

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NIGER: Households, businesses grappling with poor power supply --- Investigation

NDPHC seals MoU with Ondo State to supply 5MW

Leave a Comment / Niger Delta, Power / Godswill Odiong

By Eyo Nsima Niger Delta Power Holding Company Limited (NDPHC) has signed a Memorandum of Understanding (MoU) with the Ondo State Government to supply five Mega Watts of electricity to the state capital, Akure. The agreement will enable the NDPHC to supply power to Akure from Omotosho Power Plant in Okitipupa, Ondo State of Ihovbor,

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NDPHC seals MoU with Ondo State to supply 5MW

Leave a Comment / Power / Alison_Godswill

NDPHC seals MoU with Ondo State to supply 5MW By Eyo Nsima Niger Delta Power Holding Company Limited (NDPHC) has signed a Memorandum of Understanding (MoU) with the Ondo State Government to supply five Mega Watts of electricity to the state capital, Akure. The agreement will enable the NDPHC to supply power to Akure from

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BREAKING: System collapse throws Nigeria into darkness

Leave a Comment / Power / Godswill Odiong

By Eyo Nsima Nigeria is currently experiencing darkness because of a total system collapse, which occurred this afternoon. The Transmission Company of Nigeria, TCN, is battling to restore supply nationwide. .Details coming later.

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