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Mainstream Energy invests $82m to install 1G3, 1G4, boosting Kainji hydropower plant capacity to 980MW
May 9, 2024ConcessionGenerationHydroplantNewsPower

Mainstream Energy invests $82m to install 1G3, 1G4, boosting Kainji hydropower plant capacity to 980MW

Oredola Adeola   Mainstream Energy Solutions Limited has commenced the installation of $82 million generating units 1G3 and 1G4 in the empty pits at the Kainji Hydropower Plant, aiming to raise the plant’s total installed capacity from 760 megawatts (MWs)…

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Waltersmith Refinery pays NCDMB N450m interim dividend from N4.5bn, out of N23.6bn profit-after-tax for 2023
May 1, 2024ConcessionFinanceMidstreamNewsOil & Gas

Waltersmith Refinery pays NCDMB N450m interim dividend from N4.5bn, out of N23.6bn profit-after-tax for 2023

Oredola Adeola   The Nigerian Content Development and Monitoring Board (NCDMB) has announced the receipt of a N450 million interim dividend payment from the 5,000 barrels per day Waltersmith Refinery and Petrochemical Company Limited, located in Ibigwe, Imo State.  …

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UEF SEForAll grantee connects 140 businesses to stand-alone solar in Ayangburen Market, Lagos
April 27, 2024ConcessionEnergy TransitionImpactNewsPowerRenewablesReview

UEF SEForAll grantee connects 140 businesses to stand-alone solar in Ayangburen Market, Lagos

Oredola Adeola   Solad Integrated Power, a clean energy and technology company, a grantee of the Universal Energy Facility (UEF) under the Sustainable Energy for All (SEForAll) Stand Alone Solar for Productive Use Program (SSPU), has deployed high-capacity solar and…

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FG employs carrot, stick approach to tackle illegal mining-  Alake reveals
April 27, 2024ConcessionEnergy TransitionMiningMining & Solid MineralNews

FG employs carrot, stick approach to tackle illegal mining-  Alake reveals

… welcomes participation of international mining firms, traders in Nigeria, amidst Glencore’s corruption scandals across Africa   Oredola Adeola Dr. Dele Alake, the Minister of Solid Minerals Development, has unveiled the Federal Government’s strategy to combat illegal mining in the…

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FG revokes 924 dormant mining licenses: 528 ELs, 20 MLs, 101 QLs, 273 SSMLs axed!
April 25, 2024ConcessionExtractive IndustryMiningNewsUpstream

FG revokes 924 dormant mining licenses: 528 ELs, 20 MLs, 101 QLs, 273 SSMLs axed!

  …Alake defends action, says “notices were issued to 963 mining licensees, 39 regularized their status”   Temitayo Ayoola   The Nigerian Government has revoked a total of 924 dormant mining licenses, consisting of 528 Exploration Licenses (ELs), 20 Mining…

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Lokpobiri vows to investigate, expose $500m NCDMB funds allegedly misappropriated by Wabote
April 23, 2024ConcessionDocumentaryLocal ContentNews

Lokpobiri vows to investigate, expose $500m NCDMB funds allegedly misappropriated by Wabote

… says “I stand by my words” …urges media to visit partners facilities, conducts independent validations of NCDMB projects executed by Wabote   Temitayo Ayoola   Sen. Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil) has reaffirmed claims that…

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Ekiti State Govt takes over electricity market oversight from NERC
April 23, 2024ConcessionDistributionEnergy TransitionImpactNewsPower

Ekiti State Govt takes over electricity market oversight from NERC

… NERC orders Benin DisCo, Ibadan DisCo to establish subsidiaries for in-state electricity distribution in Ekiti State   Oredola Adeola The Nigerian Electricity Regulatory Commission (NERC) has handed over the regulatory oversight of the electricity market in Ekiti State from…

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KEDCO invests ₦1.2bn in 35km of 33kV HT Line, transformers, LT lines, prioritize 24-hr power supply to Dawanau market, Kano
April 17, 2024AdvertorialConcessionDistributionFinanceNewsPower

KEDCO invests ₦1.2bn in 35km of 33kV HT Line, transformers, LT lines, prioritize 24-hr power supply to Dawanau market, Kano

Oredola Adeola   Kano Electricity Distribution Company (KEDCO) has concluded plans to invest ₦1.2billion for the construction of 35KM of 33kV high tension (HT) line from Bichi Transmission Sub-station to Dawanau market, installation of 2Nos 500KVA 33/.415 transformers, and low…

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GPPSL CEO identifies Competence, Capacity, Collaboration as key drivers of operational scalability within Nigeria energy sector
March 11, 2024ConcessionImpactLocal ContentMidstreamOil & GasService CompanyTechnology

GPPSL CEO identifies Competence, Capacity, Collaboration as key drivers of operational scalability within Nigeria energy sector

… GPPS Limited emerges as Oil Service Company of the Year 2023 at NIES 2024   Oredola Adeola   Engr. Obi Uzu, the Managing Director and CEO of Global Process & Pipeline Services Limited (GPPSL), has pinpointed Competence, Capacity, and…

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Tinubu reshuffles NELMCO, confirms Dekalu-Thomas as MD/CEO for 5-year term
March 8, 2024ConcessionNewsPower

Tinubu reshuffles NELMCO, confirms Dekalu-Thomas as MD/CEO for 5-year term

.. elevates Power Minister to Board Chairman Oredola Adeola Adebayo Adelabu, Minister of Power, has assumed the Chairmanship of the Board of the Nigeria Electricity Liability Management Company (NELMCO) from the Minister of Finance, while Mrs. Mojoyinoluwa Dekalu-Thomas also been…

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