Nigeria’s decentralised renewable energy sector jobs to exceed 76,000 by 2023, says study
Innocent ObasiOctober 6, 2022
By Innocent Obasi Nigeria has created a robust market position in decentralised renewable energy (DRE) and is poised to reap the benefits as it addresses energy poverty and rural unemployment, according to a new report. The report, ‘Powering Jobs Census 2022: The Energy Access Workforce Nigeria’, was launched by Power for All, a global network […]
NUPRC relaunches commercial gas flare programme, opens renewed bids
Innocent ObasiOctober 5, 2022
By Innocent Obasi The Nigerian Upstream Petroleum Regulatory Commission (NURPC) has announced the formal relaunch of the Nigerian Gas Flare Commercialisation Programme (NGFCP 2022). Gbenga Komolafe, the commission’s chief executive, who disclosed this in a statement, recalled that the programme, which was conceived in 2016, “is one of the strategic initiatives of the […]
NNPCL’s profit up 134% to N674bn as total assets reach N16.27trn
Innocent ObasiOctober 5, 2022
By Innocent Obasi The Nigerian National Petroleum Company Limited (NNPCL) has reported a profit after tax of N674 billion for the 2021 financial year, an increase of 134.8 percent compared to N287 billion reported for the 2020 financial year. The firm’s overall assets also increased from N15.86 trillion in 2020 to N16.27 trillion in […]
REA plans to leverage mini-grids to increase access to energy
Innocent ObasiOctober 5, 2022
By Innocent Obasi The Rural Electrification Agency (REA) has officially launched the Africa Minigrids Programme (AMP), a new United Nations Development Programme (UNDP) in Nigeria, funded by the Global Environment Facility, and in partnership with African Development Bank (AfDB) and the Rocky Mountain Institute. AMP aims to increase the commercial viability of renewable […]
Norwegian company raises $74m for solar projects in Nigeria, others
Innocent ObasiOctober 4, 2022
By Innocent Obasi Empower New Energy, a Norwegian solar development and investment business, and a consortium managed by Climate Fund Managers have reached an agreement that would speed up the raising of roughly $74 million from the consortium to construct solar projects in the Africa commercial and industrial (C&I) sector. Over the next […]
Shell acquires solar energy provider Daystar Power
Mike OchonmaOctober 4, 2022
BY MIKE OCHONMA Shell is increasing its investment in renewable energy in Africa. The London, UK-based oil company is buying all the shares of Daystar Power, a Lagos, Nigeria-based company specializing in the financing and construction of solar photovoltaic power plants for commercial and industrial (C&I) customers. Until now, the company was majority […]
Nigeria sets measures to comply with IMO 2050 zero shipping carbon emission
Chris IkosaOctober 4, 2022
By Innocent Obasi The federal government of Nigeria has implemented measures to enable the country to achieve net zero carbon emission for shipping by 2050 in accordance with the policy of the International Maritime Organization (IMO). The goal is to protect the maritime environment from the effects of shipping activities. Speaking in Lagos on Thursday at the 2020 […]
IEA predicts even tighter LNG market in 2023
Innocent ObasiOctober 4, 2022
By Innocent Obasi The global liquefied natural gas (LNG) markets may become even tighter by next year when compared to already tight LNG markets in 2022, Fatih Birol, executive director of the International Energy Agency (IEA), said on Thursday. In recent months, LNG imports into Europe have increased significantly as a result of efforts to reduce its reliance on […]
NNPCL moves to boost cooking gas access, to raise supply by 194%
Innocent Obasi & Habeeb AdamuSeptember 30, 2022
By Innocent Obasi & Habeeb Adamu …targets 740 distribution centres in 3yrs, 20m cylinders in 5yrs The Nigerian National Petroleum Company Limited (NNPCL) is targeting to increase its supply of liquefied petroleum gas (LPG), commonly known as cooking gas, in the country by 194 percent to 5 million metric tonnes, from 1.7mmt it supplied in 2021. To achieve this, the firm is looking to leverage India’s successful LPG models and advancements in the last 10 years. […]
Chevron, MOECO collaborate on advanced geothermal technology
Innocent ObasiSeptember 27, 2022
By Innocent Obasi A Joint Collaboration Agreement between Chevron New Energies International Pte, Ltd. (Chevron) and Mitsui Oil Exploration Co., Ltd. (MOECO) has been signed to explore the technical and commercial feasibility of advanced geothermal power generation in Japan. The new partnership will study geothermal resource potential across Japan and evaluate the effectiveness […]