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FG recovering power infrastructure from obsolescence __NERC
Sopuruchi Onwuka Federal government is working to recover the nation’s electric power infrastructure from prevailing obsolescence, sinking trillions of Naira in revamping and expanding transmission and distribution network in delivering improved electricity supply to homes and businesses in the country….
NERC lays commercial incentives for power supply improvement
Assures sustainable market for meter producers Sopuruchi Onwuka Federal government has declared plans for sustainable capacity growth in the nation’s electric power sector through performance based incentives for players, especially the distribution companies that would stake significant investments in advancing…
Renewvia feeds 10,000 people with renewable electricity
Renewvia Solar Nigeria Limited, a subsidiary of Renewvia Energy Corporation, has declared that it has connected nearly 2,000 households in five Niger Delta communities to solar-powered rural electrification minigrids, serving over 6,000 people. The company added that it has also…
Energy Transition: $36.3 bn investments drive global hydropower to 1200 GW
Sopuruchi Onwuka The global hydropower generation is to hit significant 1,200 gigawatts (GW) for the first time by the end of 2022 when investments in the industry is also expected to reach monumental $36.3 billion, as countries increasingly explore suitable…
Net Zero climate targets to cost $276 trn
Sopuruchi Onwuka Reaching the climate redemption targets set by the world governments and institutions would task the global economy with significant $276 trillion between 2020 and 2030. The huge figure translates to annual cost of e $9.2 trillion in cumulative…
Husk Power Systems to build 500 minigrids in Nigeria
Signs U.N. Energy Compact to connect 1m users to 5,000 minigrids Sopuruchi Onwuka Microgrid electricity provider, Husk Power Systems, has declared intention to expand its rural clean energy services in Nigeria and other nations in Africa and Asia where it…
Vandals throw power sector into crisis
Sopuruchi Onwuka Separate vandal attacks on two key gas pipelines have triggered fuel supply crisis across the nations upstream power sector, with operators of major thermal stations drastically cutting electricity generation due to acute gas shortage. Our enquiries showed that…
Ampo Poyam partners NMT for African operations
Sopuruchi Onwuka Nigerian Machine Tools (NMT) Limited may have become early runners in the diversification of Nigerian Content policy across key sectors of the Nigerian economy as it strikes a major partnership deal with Spanish equipment component producer, Ampo Poyam…
NGA holds industry forum to explore opportunities for gas in Nigeria’s PIA regime
Apex professional body responsible for the promotion and protection of the interests of the gas industry in Nigeria, NGA holds industry forum to explore opportunities for gas in Nigeria’s PIA regime. In consonance with the Federal Government of Nigeria’s vision…
Nigerian oil industry spends $20.4bn on local fabrication, engineering
NCDMB raises Nigerian Content to 42% The Nigerian Oil and Gas Industry spent approximately $20.4billion between 2016 and 2020, particularly in key areas such as Engineering, Procurement, Fabrication, Project Management, and Services. Executive Secretary, Nigerian Content Development and Monitoring Board…
