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Adelabu vows to clear N1.4 trn NBET debt to Egbin Power
March 29, 2024FinanceGasGenerationNewsPower

Adelabu vows to clear N1.4 trn NBET debt to Egbin Power

… makes commitment to address GenCos gas, forex hurdles   Oredola Adeola   Adebayo Adelabu, Minister of Power has assured a gradual settlement of the over N1.4 trillion owed to Egbin Power by the Nigerian Bulk Electricity Trading Plc for electricity generated…

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UPDATED: Leadership shake-up at EKEDC: Mrs. Rekhiat Momoh takes helm as Acting MD/CEO, Dr. Sanda returns to WPG
March 26, 2024DistributionNewsPower

UPDATED: Leadership shake-up at EKEDC: Mrs. Rekhiat Momoh takes helm as Acting MD/CEO, Dr. Sanda returns to WPG

Oredola Adeola The Board of the Eko Electricity Distribution Company (EKEDC) has officially announced Mrs Rekhiat Momoh, as the Acting Chief Executive Officer, following the redeployment of Dr. Tinuade Sanda to West Power & Gas Ltd.   This development follows…

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 IBEDC records 1,459 energy theft cases between Jan, Feb 2024, enlists FG task force for swift justice
March 26, 2024DistributionImpactNewsPowerSabotageSecurity

 IBEDC records 1,459 energy theft cases between Jan, Feb 2024, enlists FG task force for swift justice

Oredola Adeola   The Ibadan Electricity Distribution Company (IBEDC) Plc, has recorded over 1,459 cases of energy theft between January and February 2024, including various offenses such as meter bypass and illegal meter tampering, prompting a collaboration with Federal Government…

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NALPGAM backs FG’s ban on LPG exportation, exposes activities of Shell, ExxonMobil others
March 25, 2024DownstreamEnvironmentGasImpactInterviewLocal ContentMidstreamNewsOil & GasSpecial Report

NALPGAM backs FG’s ban on LPG exportation, exposes activities of Shell, ExxonMobil others

… Olatunbosun challenges major oil companies to provide evidence of investment in gas infrastructure in Nigeria  … warns of potential cooking gas price surge, if Shell, Total continue exportation Mr. Oladapo Olatunbosun, National President of the Nigerian Association of Liquefied…

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Ramadan electricity subsidy: Kaduna Electric debunks rumours of free supply, demands full payment 
March 23, 2024DistributionPower

Ramadan electricity subsidy: Kaduna Electric debunks rumours of free supply, demands full payment 

Oredola Adeola Kaduna Electric has revealed that Governor Nasir Idris of Kebbi State partially subsidized the consumption differential for selected feeders in Birnin Kebbi, which saw an increase in daily supply from 6 to 12 hours during Ramadan, and therefore…

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Adelabu directs DisCos to prepare for 6100MW load uptake, proposes partial risk guarantee for GenCos in next 6 months
March 23, 2024DistributionFinanceGasImpactPowerTransmission

Adelabu directs DisCos to prepare for 6100MW load uptake, proposes partial risk guarantee for GenCos in next 6 months

… says TCN’s  transmission capacity now 8100MW ..sets to bridge 7m metering gap with N300bn funding boost .. unveils plan to use EKEDC, Ikeja Electric as standard for other DisCos   Oredola Adeola   Chief Adebayo Adelabu, the Minister of…

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NCDMB, NLNG conduct inspection in South Korea for Train 7 project fabrication
March 22, 2024DownstreamFinanceGasGreen FinanceLocal ContentMidstreamNews

NCDMB, NLNG conduct inspection in South Korea for Train 7 project fabrication

  Oredola Adeola   The Nigerian Content Development and Monitoring Board (NCDMB) and Nigeria LNG are currently have embarked on an onsite out-of-country monitoring visit to South Korea to inspect facilities fabricating Pressure Vessels, Columns, Heat Exchangers, and Filters for…

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Transparency, research, innovation, driving NNPC Ltd. transformation – EVP Gas, Power & New Energy
March 22, 2024DocumentaryEnergy TransitionImpactNewsOil & GasUpstream

Transparency, research, innovation, driving NNPC Ltd. transformation – EVP Gas, Power & New Energy

… “Gas has come to stay ” says Ogunleye Oredola Adeola Mr. Olalekan Ogunleye, Executive Vice President, Gas, Power and New Energy, Nigerian National Petroleum Company Ltd., has identified transparency, accountability, research, technology and innovation as key drivers of the…

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Eko DisCo begins 5-year strategy to end estimated billing with 120,000 annual meter installations
March 22, 2024DistributionImpactNewsPowerTransmission

Eko DisCo begins 5-year strategy to end estimated billing with 120,000 annual meter installations

… as NERC cautions electricity customers against self-procurement of transformers, cables, without formal agreements with DisCos Oredola Adeola With over 63 percent of its customers now metered, Eko Electricity Distribution Company launches an ambitious 5-year plan to eliminate estimated billing…

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NNPCL makes strategic shift, vows to prioritize gas for power generation, industrialization over oil dominance
March 21, 2024DownstreamGasMidstreamNewsOil & GasPowerUpstream

NNPCL makes strategic shift, vows to prioritize gas for power generation, industrialization over oil dominance

  Oredola Adeola   The Nigerian National Petroleum Company (NNPC) Ltd. has revealed that its transition from traditional role as a major oil company to a key player in the gas sector, is deliberately pivoted towards utilizing gas for power…

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