The Nigerian National Petroleum Company (NNPC) Limited have launched five mini-Liquiefied Natural Gas (LNG) Plants in Ajaokuta, Kogi State. The Plants, launched alongside partners, have a combined capacity of 97 million standard cubic feet of gas per day (mmscf/d). NNPC stated that this furthers its efforts to deepen domestic gas utilisation, in line with the […]Read More
The global energy transition is undergoing a seismic shift. A surging demand for electrification is colliding with aged infrastructure, while the rapid adoption of artificial intelligence is adding to the unprecedented pressure on energy systems. Yet, at the same time, AI presents the opportunity to resolve existing operational challenges, improve energy security and recharge the […]Read More
President Bola Tinubu has confirmed the approval of a $1.1 billion fund from the African Development Bank (AfDB) to provide electricity to 5 million Nigerians by the end of 2026. In addition, Tinubu highlighted the AfDB’s $200 million Nigeria Electrification Project. This aims to provide electricity to 500,000 people by the end of 2025. Bayo […]Read More
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IsDB), has unveiled its new Environmental and Social (ES) policy. This policy reinforces ITFC’s commitment to embedding sustainable practices across its trade finance operations, recognizing the essential role trade finance and trade development can play in mitigating climate change and […]Read More
Juba – South Sudan celebrates its first major renewable energy project, marking a milestone in its transition to sustainable power. The Ezra Group, a leading business conglomerate, announced the successful launch of the 20-Megawatt (MW) solar power plant and the 14-Megawatt (MWh) Battery Energy Storage System (BESS) in South Sudan. Developed and financed in-house by […]Read More
A recent report reveals that the European Union (EU) has achieved a significant milestone in its decarbonisation efforts. For the first time in 2024, solar energy surpassed coal as a primary source of electricity in the EU’s energy mix. Solar power also emerged as the fastest-growing energy source in the region. This development highlights Europe’s […]Read More
The Federal Government of Nigeria, through the Rural Electrification Agency (REA), has introduced the NEXT GEN RESCO Programme to secure the future of the renewable energy sector and advance the country’s Sustainable Development Goals (SDGs). The initiative was launched in collaboration with the National Power Training Institute of Nigeria (NAPTIN) and the Ecological Innovation Empowerment […]Read More
MOJEC International Limited, a leading indigenous energy company in Nigeria, reported the deployment of 300,000 electricity meters across the Nigerian Electricity Supply Industry (NESI) in 2024, according to a statement released on Wednesday. The company revealed that its subsidiary, MOJEC Meter Asset Management Company (M3AC), successfully installed over 240,000 of the 300,000 deployed meters. Highlighting […]Read More
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has approved the development of a new refinery with a processing capacity of 10,000 barrels per stream day in Delta State. NMDPRA disclosed that the licence to establish the refinery was granted to MRO Energy Limited, an energy firm, for its facility […]Read More
Transgrid Enerco Limited has formally acquired a 60% equity stake in Eko Electricity Distribution Company (Eko DisCo) by signing a Share Purchase Agreement (SPA). This landmark transaction is the first market-driven acquisition within Nigeria’s power sector, ushering in a new era for electricity distribution in the country. Transgrid Enerco is a strategic collaboration involving North […]Read More
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