Solarcentury Africa Limited, in partnership with local co-developer Sino Energy (Pty) Ltd, has reached financial close on a 20-MWp solar project in Namibia. This project, valued at $20 million, will be the first fully merchant independent power producer (IPP) in the country, trading its entire energy output directly into the regional grid. Located in Otjiwarongo […]Read More
Nigeria’s ongoing power issues are draining the economy of an estimated $26 billion each year, as highlighted in Standard Bank’s Africa Trade Barometer report. The report also shows that businesses in Nigeria are spending nearly $22 billion annually on off-grid fuel to counteract unreliable electricity, pushing up operational expenses. “In Nigeria, surveyed businesses must contend […]Read More
Israel Defence Forces (IDF) has conducted three waves of targeted airstrikes on Iranian military installations early Saturday morning. According to the IDF, these “precise strikes” were a direct response to a ballistic missile attack by Tehran on October 1, marking the second time in six months that Iran has launched missiles directly at Israel. At […]Read More
Elijah Adakole, the Head of Corporate Communications, at Jos Electricity Distribution Company, has said that the reoccurring national power grid collapse affects Distribution Companies’ revenue generation. Adakole, said this in an interview with the News Agency of Nigeria, on Saturday in Jos. For instance, he explained that most of JEDC’s customers were on the company’s […]Read More
The Dangote Refinery has made a major contribution to Nigeria’s fuel supply, delivering around 79.4 million litres of petrol to the local market by sea. The vessel Sabaek recently transported about 500,000 barrels (79.4 million litres) of petrol from the refinery to Lagos, according to a port report and Bloomberg’s ship-tracking data. This first sea-based […]Read More
The Federal Government, through the Ministry of Petroleum Resources, has approved support for Kogi State’s request to commence crude oil exploration. Heineken Lokpobiri, the Minister of State for Petroleum Resources, welcomed Kogi State’s governor during a courtesy visit to his office in Abuja on Thursday. Lokpobiri noted that, as a key central state, Kogi will […]Read More
The Nigerian National Petroleum Company (NNPC) Limited has ramped up efforts to locate eight missing individuals following a helicopter crash in the Gulf of Guinea. The helicopter, registered as 5N-BQG, had six passengers and two crew members on board. So far, three bodies have been recovered, and the search continues for the remaining five. Olufemi […]Read More
Almost 60 percent of Nigerian household are connected to the national grid, a new report has revealed. Overall, 58.2 percent, indicating nearly 6 in 10 Nigerian households, from the surveyed states are connected to the national grid. The Nigeria Residential Energy Demand-side Report 2024 was published by the Nigerian government, which was done by the […]Read More
Saudi Arabia’s economy is expected to grow by 4.4% in 2025, marking the fastest expansion in three years, following a modest 1.3% growth anticipated for 2024. According to a Reuters poll of economists released on Wednesday, this surge comes as OPEC+ prepares to gradually ease its oil production cuts starting in December. The economies of […]Read More
Adebayo Adelabu, the minister of power, has called an emergency meeting with the Nigerian Electricity Regulatory Commission (NERC) and the Transmission Company of Nigeria (TCN) following recent disturbances to the national grid, which resulted in widespread blackouts across the country. A statement released by Bolaji Tunji, the minister’s special adviser for strategic communication and media […]Read More
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