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NNPC subsidiary posts 137% increase in operating profit for 2023
June 5, 2024NewsOil & GasService CompanyUpstream

NNPC subsidiary posts 137% increase in operating profit for 2023

…targets 5% increase in market share through EPC projects Oredola Adeola   The NNPC Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC Ltd.), has announced a 137 percent increase in operating profits for…

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Kaduna Electric Band A customers exploit 20-hour daily supply for energy theft
June 5, 2024DistributionNewsPower

Kaduna Electric Band A customers exploit 20-hour daily supply for energy theft

  …identifies Band A feeders in legislative, Barnawa GRA, Leventis, Canteen as energy theft hotspots … initiates whistleblowing policy to name shame customers in media   Oredola Adeola   Kaduna Electric has raised concerns over the rising spate of energy…

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TCN restores bulk supply to Northeast region
June 5, 2024DistributionNewsTransmission

TCN restores bulk supply to Northeast region

  …ends 43-day power outage nightmare   Oredola Adeola   The Transmission Company of Nigeria (TCN) has successfully restored bulk power supply to the Northeast region, after a 43-day disruption caused by a damaged transmission line.   The power was…

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Labour Strike: Nigeria’s power generation hits 3,005.37MW as recovery continues
June 5, 2024DistributionGenerationNewsPowerTransmission

Labour Strike: Nigeria’s power generation hits 3,005.37MW as recovery continues

  Oredola Adeola   The twenty-one (21) active power plants that were forcibly shut down following the industrial actions initiated by the Nigerian Labour Congress and Trade Union Congress (TUC) on Monday, have started resuming operations, with the supply of…

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TCN begins grid recovery, transmits 30MW to IBEDC, after labour shutdown
June 4, 2024DistributionGenerationNewsPowerTransmission

TCN begins grid recovery, transmits 30MW to IBEDC, after labour shutdown

… Shiroro hydro restarts power generation out of 16 active plants   Oredola Adeola   The Transmission Company of Nigeria (TCN), on Tuesday, June 4, 2023, at precisely 3:27 PM, the commenced the gradual restoration of the national grid by…

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Afreximbank, APPO sign funding documents of $5 bn Africa Energy Bank
June 4, 2024DownstreamEnergy TransitionGenerationMidstreamMultilateral FinanceNewsOil & GasPowerUpstream

Afreximbank, APPO sign funding documents of $5 bn Africa Energy Bank

… as two major class A investors unite to pump $2.75bn as equity contribution Oredola Adeola The African Petroleum Producers Organization (APPO), and the African Export-Import Bank (Afreximbank) have signed the requisite documents for the establishment of the Supranational Multilateral…

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IBEDC appoints Fadeyibi as Expert Consultant Adviser, confirms  Agoha as Acting MD
June 4, 2024DistributionNews

IBEDC appoints Fadeyibi as Expert Consultant Adviser, confirms  Agoha as Acting MD

… bolsters operational efficiency to meet transition timeline for new investors   Oredola Adeola   The Board of Directors of Ibadan Electricity Distribution Company (IBEDC) has officially announced the appointment of Engineer Francis Agoha as the Acting Managing Director and…

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Ikeja Electric upgrades 24 feeders to Band A, increases total to 128
June 3, 2024DistributionNewsPower

Ikeja Electric upgrades 24 feeders to Band A, increases total to 128

… upgrades 33-OtaTCN-Amje, 33-AyoboTCN-Amikanle  19 others … 11-IsheriINJ-T1-Isheri, 11-NewGowon1NJ-T1-Olorunadaba, 11-OguduINJ-T3 Soluyi   Oredola Adeola   The Ikeja Electric has announced the upgrade of 24 additional feeders to Band A category, increasing the total number of Band A feeders from 104…

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SEforALL hunts for competent Energy Analyst to lead sustainable energy shift
June 3, 2024AdvertorialEnergy TransitionEnvironmentFinanceImpactNewsPowerRenewables

SEforALL hunts for competent Energy Analyst to lead sustainable energy shift

  … offers a minimum yearly salary of EUR 42,080 …application closes on June 14, 2024   Oredola Adeola   The Sustainable Energy for All, (SEforALL), an international organization  which is a major driving force behind United Nations’ Sustainable Development…

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June 3, 2024News

NNPC Ltd secures NIMASA ISPS code compliance, gains access to global shipping network

… certification covers all NNPC jetties nationwide … NNPCL to ensure security of ships, ports, other maritime facilities   Oredola Adeola   The Nigerian National Petroleum Company Limited (NNPC Ltd) has received certification from the Nigerian Maritime Administration and Safety…

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