The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially launched the 2024 Licensing Round, a pivotal moment in Nigeria’s energy landscape. This marks the first licensing round since the implementation of the Petroleum Industry Act (PIA) in August 2021, setting the stage for significant advancements in hydrocarbon development. At the Commercial Bid Conference held today (Wednesday, December 18), in Lagos, …

The Federal Government on Wednesday revealed plans to boost Nigeria’s electric power supply by 150MW before 2024 ends. The Minister of Power, Adebayo Adelabu, disclosed this to State House correspondents after a business session at the State House during the state visit of the German President, Frank-Walter Steinmeier, to President Bola Tinubu. “So we believe that before the end of …

Further consolidating on its role as a driver of socio-economic empowerment and sustainable development in Nigeria, Dangote Cement Plc has trained and graduated 46 solar energy installers and entrepreneurs. The Plant Director of Dangote Cement Plc, Obajana, Azad Nawabuddin, said in a statement from the firm that the new graduates were ready to “shake up the nation” in the renewable …

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 …