Energy

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$1.66bn from international donors increases power generation ― TCN

$1.66bn from international donors increases power generation ― TCN

The Managing Director of Transmission Company of Nigeria (TCN), Alhaji Usman Mohammed, said that the 1.66 billion dollars received from international donors increased generation capacity in the country. TCN recently received 1.66 billion dollars from multi-lateral donors to boost power supply in the country, NAN reported. Mohammed disclosed this at the Nigeria electricity awareness walk, […]

Saudi Arabia ready to cut oil output deeper, Sylva says

Saudi Arabia ready to cut oil output deeper, Sylva says

Nigeria’s Minister of State for Petroleum Resources, Timipre Sylva related his conversation with Saudi Energy Minister, Prince Abdulaziz bin Salman. Sylva stated that the top producer of oil among the Organization of the Petroleum Exporting Countries (OPEC) members is ready to go to any length to stabilize the oil market. “He assured me that they […]

Electricity: GenCos fail to generate 2,238.5 megawatts due to gas shortage

Electricity: GenCos fail to generate 2,238.5 megawatts due to gas shortage

Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations, said that they could not generate 2,238 megawatts of electricity on Thursday due to unavailability of gas. This is contained in a daily energy report by the Advisory Power Team, office of the Vice President, a copy of which was obtained by the News Agency of […]

Renewable energy capable of improving Nigeria’s economy ―Experts

Renewable energy capable of improving Nigeria’s economy ―Experts

Some stakeholders in the power sector have said that the country’s economy will be better improved if Nigerians harness the potentials in renewable energy. The sideline of a free solar installation training workshop held on Saturday in Ibadan. The training programme was organised by Techfine and Nexgen Energy partners for no fewer than 64 Nigerian […]

NNPC discovers crude oil, gas in Northern Nigeria

NNPC discovers crude oil, gas in Northern Nigeria

By Michael Eboh The northern part of Nigeria has joined the league of oil-producing regions, as the Nigerian National Petroleum Corporation (NNPC) Friday announced that it has discovered crude oil, gas and condensates in the Kolmani River region at the border community between Bauchi and Gombe states. In a statement in Abuja, the NNPC, disclosed […]