Industry news

See the latest from our host partner publication, ESI Africa: https://www.esi-africa.com/news/

  • ‘Government should tap into renewable energy potential’
    ‘Government should tap into renewable energy potential’ 7/21/2017

    Harvard and Oxford-trained scholar, Damilola Sunday Olawuyi, is a globally recognised professor of Energy and Environmental Law and director of the leading research think tank, the Institute for Oil, Gas, Energy, Environment and Sustainable Development (OGEES Institute) at Afe Babalola University, Ado Ekiti. He is Vice President of the Nigerian branch of the International Law Association; member of the World Commission on International Environmental Law; and expert member of the International Law Association Committee on Sustainable Natural Resource Development where he represents Nigeria. He served as visiting professor at Columbia University, Oxford University and the China University of Political Science and Law. He has several publications in leading international law journals on the subject of renewable energy, agriculture, climate change and sustainable development. In this interview with the Yetunde Ayobami Ojo, he says government should urgently develop the country’s enormous renewable energy potential.

  • Wind, solar do not harm power grid reliability-draft U.S. study
    Wind, solar do not harm power grid reliability-draft U.S. study 7/21/2017

    WASHINGTON (Reuters) - The growth of renewable power, including wind and solar, has not harmed the reliability of the U.S. electricity grid, according to a draft U.S. Department of Energy study, echoing the findings of grid operators across the country.

  • Consumers owe Ikeja Electric Plc N88 billion electricity bills
    Consumers owe Ikeja Electric Plc N88 billion electricity bills 7/14/2017

    Accumulated debt profile of customers under the Ikeja Electric Plc network has hit N88 billion, a development that is hindering the planned metering programme, as most its revenue are stuck with consumers who are reluctant to offset their outstanding bills.

  • Renewable Energy And Nigeria’s Place In The Scheme Of Things
    Renewable Energy And Nigeria’s Place In The Scheme Of Things 7/13/2017

    Nigeria through its minister of power, works and housing, Babatunde Fashola, on Monday announced the commencement of the first solar power project in Nigeria, the 1.2megawatts solar power plant in the lower Usuma Dam, Bwari, Abuja. The pronouncement is coming at a time when the world is gone very far in the development of renewable energy. FESTUS OKOROMADU, in this report unveils the need to drive this initiative further.

  • Nigeria plans issue of 10-year note of $8.9 bln to offset debts
    Nigeria plans issue of 10-year note of $8.9 bln to offset debts 7/13/2017

    ABUJA, July 12 (Reuters) - Nigeria plans to issue a 10-year promissory note to offset 2.7 trillion naira ($8.85 billion) owed to government contractors and employees, the finance minister said on Wednesday.

  • TCN will complete over 200 electricity projects, says Fashola
    TCN will complete over 200 electricity projects, says Fashola 7/11/2017

    The Transmission Company of Nigeria (TCN) will complete over 200 projects to improve power supply to the distribution companies (DISCOs), Mr Babatunde Fashola, Minister of Power, Works and Housing, said on Wednesday.

  • We don’t plan to divest African business, says Total
    We don’t plan to divest African business, says Total 6/13/2017

    Total Nigeria Plc has restated its commitment not to withdraw or divest its Africa business, but to continue to strengthen and grow its market share within the continent.

  • Nigeria loses N7.5tr yearly to poor electricity supply
    Nigeria loses N7.5tr yearly to poor electricity supply 6/8/2017

    • Power sector’s cash deficit hits N931b
    • World Bank pledges $2.6b aid to industry

  • Nigeria: electricity market demands one trading currency
    Nigeria: electricity market demands one trading currency 6/2/2017

    The Market Operator (MO) department of the Transmission Company of Nigeria (TCN) is requesting one trading currency to apply to every transaction where the electricity market is concerned.

  • I Will Achieve Buhari’s 10,000 Megawatts By 2019 – Fashola
    I Will Achieve Buhari’s 10,000 Megawatts By 2019 – Fashola 6/2/2017

    The Minister of Power, Works and Housing, Babatunde Fashola, has said that the 10,000 megawatts target given by the Buhari administration, needed to supply the country with adequate electricity by the end of 2019 is achievable.

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