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Nigeria’s 28 grid-connected power plants struggle with low 33% availability factor as of June 2024   
July 15, 2024NewsPower

Nigeria’s 28 grid-connected power plants struggle with low 33% availability factor as of June 2024   

  … only 4,391 MW available … Geregu NIPP generates 304 GWh, with 92% load factor …Egbin ST leads with 476 GWh, with 91% load factor … Ibom Power records lowest availability factor at 32%, contributes 111 GWh to grid…

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NNPCL’s ownership in Dangote refinery drops from 20% to 7.2% amid unpaid balance
July 15, 2024DownstreamFinanceMidstreamNewsOil & Gas

NNPCL’s ownership in Dangote refinery drops from 20% to 7.2% amid unpaid balance

… Dangote makes shocking revelation about transaction … NNPC responds   Oredola Adeola Alh. Aliko Dangote, Chairman of Dangote Group, has announced that the Nigerian National Petroleum Company (NNPC) Limited no longer holds a 20 percent stake in the Dangote…

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July 13, 2024News

Shell Nigeria announces hiring for Finance Adviser/Analyst position

  Advisors Reports has gathered that Shell Nigeria is currently hiring for the position of Finance Adviser/Analyst. The role is based in Lagos and offers the opportunity to provide world-class finance operations support to Shell Companies in Nigeria. The successful…

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NERC expands eligible customer regulations, lowers threshold to capture more customers 
July 11, 2024ConcessionGenerationNewsPowerTransmission

NERC expands eligible customer regulations, lowers threshold to capture more customers 

… grants customers using 6MW+ access to third-party transmission, distribution infrastructure Oredola Adeola   The Nigerian Electricity Regulatory Commission (NERC) has revealed that customers using six megawatts (MW) or more over a 90-day period can now access third-party transmission and…

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Lagos State Assembly to enact law for competitive, consumer-choice electricity market
July 11, 2024ConcessionDistributionEnergy TransitionFinanceNewsPowerRenewablesTechnologyTransmission

Lagos State Assembly to enact law for competitive, consumer-choice electricity market

“Reliable electricity is not a luxury but a necessity” Hon. Oluwa, Chairman, House Committee on Energy “By the end of 2025, we hope to celebrate end of blackouts in metropolitan area” -Mr. Ogunleye, Commissioner for Energy and Mineral Resources “The…

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FG, USAID sign N115.2bn MoU to support power sector reform, clean energy transition
July 11, 2024DistributionEnergy TransitionFinanceGreen FinanceNewsPowerSustainabilityTransmission

FG, USAID sign N115.2bn MoU to support power sector reform, clean energy transition

“This collaboration may assist in Nigeria to surpass target of 6000MW by end of 2024”- Mamman PS Ministry of Power   Oredola Adeola The Federal Government of Nigeria and USAID have signed an N115.2 billion Memorandum of Understanding (MoU) to…

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NDPHC, Electric Utilities sign 225 MW Power Purchase Agreement for Agbara Industrial Estate
July 10, 2024ConcessionDistributionGenerationNewsPowerTransmission

NDPHC, Electric Utilities sign 225 MW Power Purchase Agreement for Agbara Industrial Estate

  Oredola Adeola Niger Delta Power Holding Company Limited (NDPHC) has signed a Power Purchase Agreement (PPA) with Electric Utilities Nigeria Limited (EUL) to sell 225 MW of electric power from the Olorunsogo Generation Company to the Agbara Industrial Estate.…

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ECN calls for broader energy mix to meet requirements of over one billion people across Africa
July 10, 2024ConcessionEnergy TransitionFinanceGreen FinanceImpactNewsPowerRenewables

ECN calls for broader energy mix to meet requirements of over one billion people across Africa

…seeks ties with World Energy Council for Nigeria’s sustainable growth Oredola Adeola The Energy Commission of Nigeria (ECN) has highlighted the urgent need for enhanced collaboration with the World Energy Council (WEC) to meet the energy requirements of over one…

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Adelabu orders completion of abandoned 215MW Kudenden power plant by December or Q1, 2025
July 10, 2024DistributionGenerationNewsPowerSabotage

Adelabu orders completion of abandoned 215MW Kudenden power plant by December or Q1, 2025

    … Kaduna Electric records 46% rise in market remittance in six months, reduces ATC&C losses by 7%   Oredola Adeola   Chief Adebayo Adelabu, the Minister of Power, has expressed dissatisfaction with the current state of the abandoned…

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NERC provides contacts for customers to report DisCos demanding cash for transformers, cables, poles
July 10, 2024DistributionNewsPower

NERC provides contacts for customers to report DisCos demanding cash for transformers, cables, poles

Oredola Adeola The Nigerian Electricity Regulatory Commission (NERC) has provided a dedicated contact email (idn@nerc.gov.ng) and phone number (07074865354) for electricity customers to report any distribution company (DisCo) that requires them to purchase transformers, cables, or poles. In a statement…

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