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Daily Archives: May 12, 2017

Mosimi depot is back online after a year of inactivity

After close to a year of inactivity due to vandalism on a major pipeline, the Mosimi oil depot in Ogun State is back online,...

FG releases first tranche of $1.2 billion JV cash call debts owed to IOCs

The Minister of State for Petroleum Resources, Emmanuel Kachikwu, has disclosed that the Federal Government has released $400 million to pay Joint Venture (JV) cash...

GreenElec partners with five States to develop solar-powered mini-grids

In Nigeria, five states- Kaduna, Imo, Rivers, Delta and Ogun have successfully partnered with France-based solar solution provider, GreenElec, to develop solar mini-grids. According to...

Discos blame different exchange rates for liquidity gap in the power sector

Electricity Distribution Companies in Nigeria (Discos) have attributed the current liquidity situation in the power sector to poor payments made by consumers for electricity...

First set of NNPC’s 3,000MW power plants to be completed in 2019 – Baru

The Nigerian National Petroleum Corporation (NNPC) has announced that the first set of the three newly planned gas-fired power plants to be constructed in...

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