The Lagos State Electricity Bill 2024, currently before the state House of Assembly, is expected to end blackouts in the state, according to Mr. Biodun Ogunlewe, the Commissioner for Energy and Mineral Resources. Ogunlewe provided this assurance during a one-day public hearing on the bill at the assembly complex on Wednesday. The bill aims to Read More…
In response to a pressing energy deficit adversely impacting the nation’s economy, South Africa is expediting its plans to introduce 3 gigawatts (GW) of gas-fired power generation, according to Electricity Minister Kgosientsho Ramakgopa. The country’s daily power cuts, resulting from frequent breakdowns in the aging coal-fired plants operated by state power utility Eskom, have prompted Read More…
The President of the Renewable Energy Association of Nigeria (REAN), Mr. Ayo Ademilua, has revealed that there are substantial funds amounting to approximately $80 million available for energy projects in Nigeria through various investors. Ademilua made this announcement during the Renewable Energy Investment Matchmaking event held in Lagos with the theme “Energising Partnerships: Connecting Investors Read More…
First Bank of Nigeria (PLC), according to Mrs. Oluwatoyin Aina, Head of Energy, Downstream, and International Oil Trading, has supported a number of energy-related projects and will continue to do so. On Wednesday, Aina made this statement during the Oil Trading and Logistics (OTL), Africa Downstream Week that was taking place in Lagos. She said Read More…
Developing countries should not have to target renewable energy sources and turn away from fossil fuels, Nigerian energy officials said on Tuesday, joining other emerging oil-producing nations reluctant to embrace the global energy transition trend. Some 900 million people in the world, most of them in Africa, still have no access to energy for basic Read More…
