Heirs Energies, Renaissance Africa collaborate to drive Nigeria’s oil and gas devt
Heirs Energies Limited and Renaissance Africa Energy Company have expressed mutual commitment to strategic collaboration following a high-level courtesy visit by Osa Igiehon, CEO of Heirs Energies, to Renaissance's leadership team, led by the Managing Director, Tony Attah.
FG orders TCN on Ondo/Akure feeder line
The Federal Government has directed the Transmission Company of Nigeria, TCN, to immediately commence the design and procurement of Omotosho/Ondo/Akure 132KV feeder line.
FG to complete 10 NIPPs by mid 2014
In line with President Goodluck Jonathan administration’s power sector reform; the Federal Government has promised that 10 National Independent Power Projects, NIPPs, will be ready in the second quarter of 2014.
FG owes marketers N220bn
The Federal government owes importers of petroleum products over N220 billion claims under the Petroleum Support Fund, PSF. As a result, the marketers said they may not be able to adequately supply products during the Yuletide season unless the debts are cleared.
NERC earns N390m from licencing fees
THE Federal Government has earned about N389.975 million from the issuance of operating licenses to the new owners of the privatised assets of the Power Holding Company of Nigeria, PHCN.
PHCN operating licences valid for 10 years
Operating licences issued to the new owners of the privatised Power Holding Company of Nigeria, PHCN companies, and other operators in the power sector is valid only for 10 years, the Federal Government has said.
