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Reps Approve N500bn Recapitalisation to Enhance DisCos Efficiency
news energy power

Reps Approve N500bn Recapitalisation to Enhance DisCos Efficiency

November 20, 2024

The House of Representatives has directed electricity distribution companies (DisCos) in the country to undergo an N500 billion recapitalisation to improve their financial stability and enhance service delivery to Nigerians.   This decision followed the adoption of a motion titled “Need to Address the Activities of Distribution Companies in Nigeria,” sponsored by Ayokunle Isiaka, a lawmaker […]Read More

Disco Attributes Load Rejection to Inadequate Customer Payments
energy news power

Disco Attributes Load Rejection to Inadequate Customer Payments

November 18, 2024

Chijioke Okuwuokenye, acting managing director of Abuja Electricity Distribution Company (AEDC), has said rising customer debts and overloaded infrastructure are behind distribution companies’ (DisCos) load rejection despite widespread blackouts. Speaking at the fourth Power Correspondents Association of Nigeria (PCAN) annual workshop themed “Ending the Talk, Moving the Action,” Okuwuokenye, represented by AEDC’s chief operating officer, […]Read More

NNPC Signs 10-year 100mmscf/d Gas Supply Deal With Dangote Refinery
energy news Oil and Gas

NNPC Signs 10-year 100mmscf/d Gas Supply Deal With Dangote Refinery

November 13, 2024

The NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company (NNPC) Limited, has executed a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE. Olufemi Soneye, Chief Corporate Communications Officer, NNPC, made this known in a statement obtained by EnergyPlanets on Wednesday. According to him, the agreement […]Read More

Senegal Set to Commit $2.7bn to Green Energy if Ruling Party Wins Elections
energy climate news

Senegal Set to Commit $2.7bn to Green Energy if Ruling

November 12, 2024

Senegal is on the verge of committing $2.7 billion to its international programme aimed at reducing emissions and cutting reliance on fossil fuels, contingent on the ruling party’s success in this weekend’s parliamentary elections. “If Prime Minister Sonko’s party wins a majority, an announcement could come quickly after the election,” said Remy Rioux, CEO of […]Read More

FCCPC Urges Consumer-Centric Approach to Metering by Nigerian DisCos amid Transition from Obsolete Meters
energy news power

FCCPC Urges Consumer-Centric Approach to Metering by Nigerian DisCos amid

November 6, 2024

Mr. Tunji Bello, Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), has underscored the responsibility of Nigeria’s Electricity Distribution Companies (DisCos) to prioritise consumer rights in the ongoing efforts to upgrade Nigeria’s electricity metering system. Speaking at an emergency stakeholders’ meeting in Abuja on Tuesday, Mr. Bello emphasized the need for […]Read More

Dangote Refinery Denies Receiving Payments from IPMAN, Clarifies No Direct Dealings
energy news Oil and Gas

Dangote Refinery Denies Receiving Payments from IPMAN, Clarifies No Direct

October 31, 2024

The Dangote Petroleum Refinery has clarified that it has not received any payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) for refined petroleum products. In a statement issued by Anthony Chiejina, Group Chief Branding and Communications Officer of the Dangote Group, the refinery stated that discussions with IPMAN are still ongoing. “It is […]Read More

Power Restored to Seven Northern States as TCN Repairs Key Transmission Line
energy news power

Power Restored to Seven Northern States as TCN Repairs Key

October 31, 2024

The Transmission Company of Nigeria (TCN) announced Wednesday evening that it has restored power to seven northern states after successfully repairing the 330kV Ugwuaji-Apir Transmission Line 1. TCN’s General Manager of Public Affairs, Ndidi Mbah, confirmed that repairs were completed at 4:56 p.m. on Wednesday. “With this line restored, the Apir-Lafia 330kV transmission line 2 […]Read More

Jos Disco Restores Power to Four Northern States After 10-Day Blackout
energy news power

Jos Disco Restores Power to Four Northern States After 10-Day

October 31, 2024

Power has been restored to four states served by the Jos Electricity Distribution Company – Plateau, Bauchi, Gombe, and Benue – ending a 10-day blackout. Electricity returned at 7:20 p.m. on Wednesday, sparking celebrations in affected communities. In Jos, the capital of Plateau State, residents took to the streets in relief and joy after days […]Read More

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