The Federal Government said it required $10 billion Public-Private-Partnership (PPP) investment in the power sector, in the next five to 10 years, to achieve 24 hours power supply. Receiving the Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Dr. Jobson Ewalefoh, on a courtesy visit, the Minister of Power, Chief Adebayo Adelabu said that government alone, could not afford the …

The Ministers of Agriculture and Food Security, Abubakar Kyari, his Science, Technology, and Innovation counterpart, Uche Nnaji, and Budget and Economic Planning, Atiku Bagudu, are some of the high-profile government functionaries expected to appear before the House of Representatives Committee on Renewable Energy on Wednesday. The Committee, chaired by the member representing Ogbaru Federal Constituency, Anambra State, Afam Ogene is …

Egbin Power has reinforced its commitment to promoting high safety standards and professionalism, as the Institute of Safety Professionals of Nigeria (ISPON) has inducted 28 employees of the GenCo as new members. According to ISPON, the certification further solidifies Egbin Power’s efforts towards promoting high safety standards and building a highly competent workforce equipped with expertise in safety management. During …

Egbin Power, Nigeria’s largest power generation company, has underscored the importance of synergy among stakeholders in the energy sector to further develop and catalyse the country’s socio-economic growth. Egbin Power’s CEO, Mokhtar Bounour, made this statement during the Leadership Summit of the 2024 Nigeria Energy Conference, held in Lagos. The panel session, themed “Gas to Power Generation: Market Dynamics and …

Adedeji Adeleke, a Nigerian businessman, says he is building a $2 billion power plant. Adeleke, the father of David Adeleke, a popular Afrobeats singer known as Davido, spoke at the Seventh Day Adventist General Conference Annual Council on Tuesday. He said the 1,250-megawatt (MW) power plant will be the biggest in Nigeria when it starts operation in January 2025. “I …

The Federal Government has praised British independent energy company, Savannah Energy for its substantial investment in Nigeria’s energy sector, saying that it appreciates what the company is doing, and encourages the company to sustain it, according to a statement by the firm’s Communications Manager, Mr. Okwudili Onyia. During a recent visit to the Uquo Gas Central Processing Facility in Akwa …

British independent energy company, Savannah Energy PLC recorded a strong financial performance as its total unaudited income for the half-year, which ended 30 June 2024, increased by 40 per cent to $233.4 million, compared to $167.6 million in the same period in 2023. In terms of operations, the company’s average gross daily production in Nigeria for the period stood at …

In a bid to champion sustainable energy solutions across the continent, Stanbic IBTC recently hosted the Nigeria South Africa Chamber of Commerce (NSACC) September Breakfast Session. The event which was held at the Iris Hall in Eko Hotel & Suites, Lagos was centred around the theme ‘Energy Transition: Identifying the need and financing the opportunities’. The gathering brought together a …

All On Partnerships for Energy Access and the United States African Development Foundation (USADF) have announced the renewal of their partnership to expand off-grid energy access in Nigeria, with a focus on underserved communities. According to a statement, this new initiative will see both organisations commit a combined $10 million over the next three years to support innovative, African-owned businesses …

Major energy reforms introduced in Nigeria since June 2023 have focused on improving energy security, attracting investment and deepening collaboration with key partners like the United States government. Special Adviser to the President on Energy, Olu Verheijen stated this in remarks delivered on 12 September 2024 at a luncheon organised as part of the inaugural United States-Nigeria Strategic Energy Dialogue, …