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Egbin Power reaffirms commitment to environmental care with comprehensive sustainability, carbon emissions reduction strategy
June 29, 2024Energy TransitionGenerationGreen FinanceImpactNewsPowerRenewables

Egbin Power reaffirms commitment to environmental care with comprehensive sustainability, carbon emissions reduction strategy

  Oredola Adeola Egbin Power Plc, the largest power generating station in Nigeria, has restated its commitment to treating the environment with the utmost care, with a comprehensive approach to sustainability and carbon emissions reduction, ensuring that all activities within…

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NERC recommends integrating renewable energy into national grid to lower electricity tariffs
June 28, 2024DistributionEnergy TransitionNewsPowerRenewablesSolarSustainability

NERC recommends integrating renewable energy into national grid to lower electricity tariffs

Oredola Adeola   The Nigerian Electricity Regulatory Commission (NERC) has recommended the integration of cheaper renewable energy sources into the national grid to diffuse the total energy production cost, consequently leading to a drop in electricity tariff.   Dafe Akpeneye,…

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Sahara Group advocates for Africa to lead sustainability narrative through gas, renewables, carbon capture
June 27, 2024DocumentaryEnergy TransitionGasImpactNewsRenewablesSustainability

Sahara Group advocates for Africa to lead sustainability narrative through gas, renewables, carbon capture

  Oredola Adeola Sahara Group has made a case for Africa countries to champion a strong sustainability narrative such as focusing on natural gas commercialization, increased renewable energy use, investment in low-cost, low-emission clean energy solutions, protecting and rehabilitating natural…

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President Tinubu approves N10bn for CNG buses, N50,000 monthly for 100,000 families in each state
June 27, 2024ConcessionEnergy TransitionFinanceGasNewsSustainability

President Tinubu approves N10bn for CNG buses, N50,000 monthly for 100,000 families in each state

 …  orders deployment of N155 billion for the purchase and sale of assorted foodstuffs Oredola Adeola President Bola Tinubu has approved economic relief measures for Nigerians, including a N10 billion allocation for bus procurement and the CNG uplift programme in the…

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 Global Mine 2024 Report: PwC urges top 40 mining companies to enhance transparency, impact reporting
June 26, 2024Energy TransitionGenerationGreen FinanceMining & Solid MineralNewsTechnology

 Global Mine 2024 Report: PwC urges top 40 mining companies to enhance transparency, impact reporting

… percentage of completed mining deals on critical minerals rose to 40% in 2023 from 22% in 2019 …  lithium, copper dominate 70% of 2023 deal volume   Oredola Adeola As copper and lithium dominated over 70% of the deal…

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FG sets to secure $3bn from Standard Chartered Bank for NLNG dividend initiative
June 25, 2024ConcessionEnergy TransitionFinanceMidstreamNewsOil & GasPower

FG sets to secure $3bn from Standard Chartered Bank for NLNG dividend initiative

  “Nigeria still requires substantial investments in the oil and gas sector” – Tinubu informs GCEO of Standard Chartered Bank   Oredola Adeola   The Federal Government has confirmed Standard Chartered Bank’s commitment to providing $3 billion in innovative financing…

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Nigeria, Russia, US, six others account for 75% of global gas flaring in 2023 -World Bank reports
June 21, 2024Energy TransitionExtractive IndustryGasImpactNewsOil & GasSpecial ReportSustainabilityUpstream

Nigeria, Russia, US, six others account for 75% of global gas flaring in 2023 -World Bank reports

…flared gas in 2023, reaches 148 bcm, highest level since 2019 …  9 bcm increase reverts world to levels last seen in 2019, with 6 years left to zero routine flaring deadline   Oredola Adeola The World Bank has reported…

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SEforALL Board reappoints Damilola Ogunbiyi for a second 5-year term as CEO
June 20, 2024Energy TransitionGreen FinanceImpactNewsPowerRenewablesSustainability

SEforALL Board reappoints Damilola Ogunbiyi for a second 5-year term as CEO

Oredola Adeola The Sustainable Energy for All (SEforALL) Governance Board approved the reappointment of Ms. Damilola Ogunbiyi to a second five-year term as Chief Executive Officer. Sherry Kennedy, SEforALL, Director of Communications, made this known in a statement obtained by Advisors Reports…

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Tesla upscales global energy storage footprint, deploys 43 MWh Megapack in Japan
June 19, 2024DistributionEnergy TransitionNewsPowerSolarSustainabilityTechnology

Tesla upscales global energy storage footprint, deploys 43 MWh Megapack in Japan

… enters Japan’s ancillary services market, provides frequency control to grid … deploys more utility-scale Megapack battery storage systems globally …targets 40GWh by 2024   Oredola Adeola Tesla has expanded its global energy storage footprint to over 15 GWh with…

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$4.3bn NLNG Train 7 gas project timeline: From groundbreaking to 67% completion
June 18, 2024DocumentaryEnergy TransitionFinanceGasLocal ContentMidstreamNewsReviewTechnology

$4.3bn NLNG Train 7 gas project timeline: From groundbreaking to 67% completion

… accumulates over 45m man-hours between 2021- 2024 without any LTI   Michelle Savage   The Nigeria LNG Limited (NLNG) Train 7 gas project, with a total contract sum of $4.3 billion, began construction in June 2021 and has achieved…

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