26 industries sign up to bypass DisCos for direct power supply from GenCos

GenCos

Twenty-six industrial electricity customers have signed up to be supplied power directly from power generation companies (GenCos) instead of from the distribution companies (DisCos) under the eligible consumers’ scheme approved by the federal government in 2017, Babatunde Fashola, minister of power, works and housing, has said in Minna, Niger State. The eligible customers regime seeks […]

Samsung to go 100% clean by 2020 as it changes energy sources to renewables

Samsung

Samsung Electronics said on Thursday that its energy sources would be 100 percent clean by 2020 as it plans on fulfilling its energy needs from renewable sources. According to a statement released by the tech giant, its factories, office buildings and operational facilities in Europe, China and U.S. would be powered by renewable energy come […]

World’s biggest miner speeds hunt for copper in ‘last frontier’

BHP Billiton Ltd

BHP Billiton Ltd., the world’s biggest miner, has opened an office and is seeking to add staff in Ecuador as it advances a search for copper in a nation that’s becoming the sector’s exploration hot-spot. Melbourne-based BHP’s local unit, Cerro Quebrado, will spend about $82 million on exploration, having established a base in the capital, […]

High energy prices hit manufacturing companies   

High energy prices are threatening the survival of manufacturers, raising their production costs and cutting down margins. This is amid reported price decline of diesel. “Gas prices are very high in Nigeria. Gas is still priced at $8 per standard cubic foot (scf), $5 higher than the global price. With the current exchange rate, you […]