EU earmarks 700m euros for sustainable energy devt in Nigeria, West Africa
Businessam Staff
July 17, 2017
The European Union (EU) says it has committed over 700 million euros for the development of sustainable energy in Nigeria and other ECOWAS countries within a six-year period beginning 2014 to 2020. Kurt Cornelis, head of cooperation, EU delegation to Nigeria and ECOWAS, said this in Abuja on Monday at a workshop on policy and […]
Power: Hard nut to crack in Nigeria, as economy suffers
BusinessamJuly 14, 2017
Nigeria rolled out a document at the end of the first quarter articulating what it sees as its way out of a power supply quagmire that has held it down for decades. The Power Sector Recovery Programme (PSRP), admits the economy is shorting itself of $25 billion (N7.5 trillion at central bank exchange rate of […]
Electricity companies intensify metering of households as NERC bare fangs
Obodo EjiroJune 19, 2017
Nigeria’s electricity distribution companies have stepped up efforts to meter over four million retail households in response to the Nigeria Electricity Regulatory Commission (NERC) directive that “no non-MD customer should henceforth be billed based on estimation to further validate the confirmation and assurance given by the DISCOs that all such customers are now metered.” Available […]
Nigeria’s power generation to increase by 340mw in December
Businessam StaffJune 9, 2017
The Federal Government’s planned addition of 20,000 megawatts of electricity to the national grid received a boost Thursday when Babatunde Fashola, minister of power, works and housing announced that about 340 megawatts of electricity would be added to the national grid by December, 2017. Fashola said this during his inspection tour of Afam Power Plant […]
Nigeria’s electricity concerns to ease as Forcados pipeline resumes
Olusegun AbisoyeJune 7, 2017
Concerns over Nigeria’s epileptic power supply situation are expected to ease on the back of resumption of oil and gas production activities at the Forcados export pipeline. This is coming on the heels of Shell Petroleum lifting the Forcados force majeure. Power supply in Africa’s largest economy dropped significantly from 3,959 megawatts to 2,662mw in […]
Nigeria’s coal deposits can sustain additional 4,300MW for 20 years – Experts
Businessam StaffMay 15, 2017
As Nigerians continue to grope in darkness, experts say that diversifying the country’s energy mix to include coal-to-power projects can add an additional 4,300MW to its electricity power generation for 20 years with its proven coal deposits estimated at about 2.8 billion metric tons. “At the calorific value of coal in the Anambra basin (Enugu, Anambra, […]