Energy

149 Nigerian Students Sign-up for Go Green in the City Global Business Case Challenge

Global specialist in energy management, Schneider Electric, has announced invitation for African students to take part in the Go Green in the City Global Business Case Challenge that aims to come up with energy solutions with students’ involvement. Already, a

Transcorp Partners with General Electric to Improve Power Generation in Nigeria

Transcorp Ughelli Power Ltd (TUPL), the power subsidiary of Transnational Corporation of Nigeria, and General Electric (GE) have signed an agreement to expand the capacity of TUPL’s Ughelli power plant by 1000MW over the next 3 to 5 years. Both

Dangote Group Considers Acquisition of Oil Blocks

The Dangote Group, a conglomerate of manufacturing companies owned by Aliko Dangote, Africa’s richest man, is considering purchasing oil fields in Nigeria. The planned purchase comes in the wake of news that international oil companies in Nigeria plan to sell

FG Approves N1.9 Bn for Onitsha-New Haven Power Transmission Project

The Federal Government has approved a sum of N1.9 billion for the supply of a 746-kilometer of aluminum conductor composite core reinforced (ACCR) to be used for the re-conduction of the Onitsha New Haven 33okv transmission line. The approval was

TEDx Maitama: Overcoming the Fear of Vested Interests – Sanusi Lamido, CBN Governor

Hello everyone and good morning. I’m very happy to be here with you. Just to tell you that I am a rather outdated person. I never really knew what the TEDeX event was, and when my daughter spoke to me

AfDB Approves $187 Million to Stimulate Private Investment in the Nigerian Power Sector

The Board of Directors of the African Development Bank Group (AfDB) approved an African Development Fund (ADF) Partial Risk Guarantee (PRG) program of US $184.2 million , and an ADF loan of US $3.1 million, for capacity building, to support

AfDB Gathers Partners in Tunis to Advance Sustainable Energy for All in Africa

The African Development Bank as host of the Sustainable Energy for All (SE4ALL) Africa Hub organized a two-day workshop in Tunis with representatives of partner institutions. The workshop was organized in collaboration with the Global Facilitation Team headed by

Transcorp Records Huge Growth

Heirs Holdings, the pan-African proprietary investment company with interests in key economic sectors, has demonstrated its transformational ability over ailing businesses as one of its major investments, Transnational Corporation of Nigeria Plc (Transcorp), presented its achievements of 2013 to the

ACEI to Invest US$130 Million Power Project in Nigeria

United States-based American Capital Energy and Infrastructure (ACEI) has announced an investment of $130 million in Azura Power Holdings, the company developing the Azura-Edo power project in Edo State, Nigeria. The Azura-Edo project is a 450 Megawatts open-cycle gas turbine

Africa: Schneider Electric Creates Technology for Producing Electricity, Drinking Water and Heat

Schneider Electric has developed a technology known as MiCROSOL to help provide electricity, hygiene drinking water and heat simultaneously for rural parts in Africa. Schneider, a market leader in energy management with operations in more than 100 countries, inaugurated the

FG Hands Over PHCN to New Owners

The Federal Government of Nigeria handed over the Eko Distribution Company, Marina, Lagos to the new owners, West Power and Gas Limited on November 1, 2013. On the same day in 10 different locations across the country, similar ceremonies involving

Canada-based Professor Launches Book on Oil Theft in Nigeria

A Professor of Criminology at the University of Alberta, Canada, Temitope Oriola, has launched a book on kidnapping of oil workers in Nigeria. The book, In Criminal Resistance? The Politics of Kidnapping Oil Workers, explores circumstances responsible for abducting oil

JMG to Provide £6m Power Solution to MTN Nigeria

MTN Nigeria has appointed JMG to provide the power solution to modernise its communications network in Nigeria. This contract, worth £6 million, will involve the installation of 12 high capacity FG Wilson generator set at MTN switch locations in Asaba,

OANDO Completes Alausa Power Plant; Dumps Generators

OANDO Gas and Power (OGP), with the support of the Lagos State government, has completed a 10.34 Megawatt Independent Power Plant Project designed to provide electricity for the State Secretariat in Alausa. Currently, the secretariat houses the Governor and the

Total Gets $7.5 Billion Syndicate Loan from Nigerian Banks

Eight Nigerian banks have agreed to fund Total’s contractor initiative with $7.5 billion. The Banks – Access Bank, Diamond Bank, Ecobank Nigeria, Fidelity Bank, Guaranty Trust Bank, Standard Chartered Bank, United Bank for Africa (UBA) and Zenith Bank – signed

Lagos to Generate Electricity from Refuse Dumps

Over the years, heaps of trash in Lagos constituted environmental threats. That may soon turn to be a blessing as the state plans to turn the heaps of rubbish around the metropolis into electricity which the city desperately lacks. Lagos

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