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How power sector suffers N159.85bn over non-payment for unused power

How power sector suffers N159.85bn over non-payment for unused power

As average unutilized power generation drops to 2,248.50MW By Udeme Akpan ELECTRICITY Generation Companies, GENCOs’ losses associated with non-payment for unused electricity dropped to N159.85 billion in 2021, from N266.11billion in 2020, indicating a decrease of 39.93 percent. This came as authoritative industry report sighted by Energy Vanguard also showed that average unutilized power generation […]

Cooking gas price rises by N500,000 to N10m per truck

Cooking gas price rises by N500,000 to N10m per truck

By Udeme Akpan The truckload of Liquefied Petroleum Gas (LPG) has increased to N10 million, from N9.5 million last week, due to foreign exchange and others issues. In a market survey conducted in Lagos and its environs, Vanguard noted that many marketers were in need of dollars to import the product as a result of […]

How power sector suffers N159.85bn loss over non-payment for unused power

How power sector suffers N159.85bn loss over non-payment for unused power

By Udeme Akpan Electricity Generation Companies, GENCOs’ losses associated with non-payment for unused electricity dropped to N159.85 billion in 2021, from N266.11billion in 2020, indicating a decrease of 39.93 per cent. This came as authoritative industry report sighted by Energy Vanguard also showed that average unutilized power generation dropped year-on-year, YoY, to 2,248.50 Megawatts, MW […]

Ifeanyi Uba, Mbisiogu restate commitment to devt of S/East

Ifeanyi Uba, Mbisiogu restate commitment to devt of S/East

The need to continuously find a synergy between politics and business for the overall development of the country was again on the front burner, as Senator Ifeanyi Uba hosted industrialistsand philanthropist Festus Mbisiogu in his Abuja home yesterday.

TotalEnergies sells interest in block 14

TotalEnergies sells interest in block 14

Stories by Prince Okafor TOTALENERGIES has  signed an agreement to sell, jointly with Inpex, the company angola block 14 b.v. to the Angolan company, Somoil. The transaction is subject to the approval of the Angolan authorities. Angola Block 14 B.V., owned by TotalEnergies Holdings International B.V. (50.01%) and Inpex Angola Block 14 Ltd (49.99%) holds […]