Savannah Energy PLC, a British independent energy company, has announced that its average gross daily production was 23.6 Kboepd (thousand barrels of oil equivalent per day) in the financial year ended 31 December 2023. In a statement on Friday by its Communications Manager, Mr. Okwudili Onyia, the company’s audited results for that period showed that the outcome was broadly in line …

The national grid system has dropped to zero megawatts as a result of the complete disruption of power supply to all 11 electricity distribution companies in the country, Channels Television reports. In a statement on Monday, the General Manager (Public Affairs) of the Transmission Company of Nigeria (TCN), Ms. Ndidi Mbah said the nationwide blackout was due to staff of …

The Federal Government on Thursday inaugurated a 5.2 million standard cubic feet per day Compressed Natural Gas (CNG) plant in Lagos, in an attempt to lessen the impact of petrol subsidy removal on the citizens. The CNG plant was built through a partnership between NNPC Gas Marketing Limited and Transit Gas Nigeria Limited, owned by Axxela. The Minister of State …

Aba Power Limited has adjusted its tariff. This is coming almost two months after the other 11 electricity distribution firms in the country increased their tariff for Band A customers as a result of the prevailing economic situation. The company’s Managing Director, Ugo Opiegbe said in a telephone interview on Thursday that Band A Maximum Demand (MD) customers, who receive …

Lagos State has taken a major step towards turning tonnes of solid waste generated in the metropolis to usable energy. Governor Babajide Sanwo-Olu, on Monday, formalised a partnership with a Dutch firm, Harvest Waste Consortium, for the construction of a high efficiency Waste-to-Energy plant on Epe landfill, which will utilise advanced technology to generate clean energy from municipal solid waste, …

The Federal Government vowed on Monday to sell off the five electricity Distribution Companies (DisCos) in the next three months to reputable technical power operators. The DisCos are under the management of banks and Asset Management Company (AMCON). Abuja Electricity Distribution Company (AEDC) is currently under the management of the United Bank of Africa (UBA), Fidelity Bank manages Benin Electricity …

The Programme Director and Chief Executive of the Presidential Compressed Natural Gas (CNG) Initiatives, Michael Oluwagbemi, has announced the Federal Government’s plan to target over 25,000 jobs and $2.5 billion worth of investment by 2027. Oluwagbemi made this known during the Presidential CNG stakeholders’ engagement workshop held at BOVAS Auto-Gas filing stations, Ajibode Bus-Stop in Ibadan, Oyo State capital on …

The Nigerian Electricity Regulatory Commission (NERC) has slapped Abuja Electricity Distribution Plc (AEDC) with a fine of N200 million for failing to adhere to its tariff guidelines, and creating a stir among consumers and industry stakeholders alike. The fine comes in the wake of the Supplementary Order to the Multi-Year Tariff Order for 2024, issued on Wednesday, which AEDC has …

The Transmission Company of Nigeria (TCN) said that it has successfully restored the national power grid following its collapse at 4:28 pm on Thursday, the second electricity blackout this year. The incident scuttled the distribution of electricity by the electricity distribution companies (DisCos), to all parts of the nation. In a statement on Friday, TCN said the grid attained full recovery …

The Minister of Power, Chief Adebayo Adelabu has affirmed Federal Government’s commitment to gradually offset the debt owed Nigeria’s largest power generation company, Egbin Power, starting in April, while noting that constraints of gas supply and foreign exchange are also being tackled. This was made known  as part of his strategic measures to strengthen understanding among stakeholders, offer robust support …