Tag: Energy

South African Coal Plant Closure Delayed Amid Energy Crisis

22May

By adminNo Comments

African Development, Environment, Infrastructure, News, Power, South Africa

South African Coal Plant Closure Delayed Amid Energy Crisis

South Africa's public power utility, Eskom, has announced a delay in the closure of several coal-fired power plants, citing the ongoing electricity crisis as the primary reason. The Eskom board has approved the continued operation of the Camden, Grootvlei, and Hendrina power stations until 2030, local media outlet Engineering News reported on Monday, May 20. Originally, these power stations were scheduled to be retired between 2023 and 2027. However, South Africa experienced one of its worst electricity crises last year, with daily power cuts lasting up to ten hours. These outages severely impacted the country’s economy, which is Africa's most developed. The decision to keep these plants operational is a direct response to the urgent need to stabilize the national grid. “The electri...

CNG Vehicles Will Fail Without Proper Infrastructure – Babachir

20May

By adminNo Comments

Infrastructure, Nigeria, Petroleum, Transportation

CNG Vehicles Will Fail Without Proper Infrastructure – Babachir

In a recent interview on Trust TV's Daily Politics, former Secretary to the Government of the Federation, Engr Babachir Lawal, expressed skepticism about the viability of Compressed Natural Gas (CNG) vehicles in Nigeria. Lawal argued that without the necessary infrastructure, the federal government's directive to convert petrol and diesel-powered vehicles and generators to CNG could be disastrous. "The government needs to put in place necessary infrastructure that will lubricate the effectiveness of the CNG vehicles, or else it will be catastrophic," Lawal stated emphatically. President Bola Tinubu has directed various Ministries, Departments, and Agencies to commence the conversion to CNG as part of his strategy to ensure energy security, enhance utility, and reduce high fuel costs...

Power Generation Dips Below 4,000MW Amid Gas, Transmission Issues

21Jul

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Power

Power Generation Dips Below 4,000MW Amid Gas, Transmission Issues

As Muslims celebrate Eid-el-Kabir, power generation in Nigeria dipped below the 4,000 megawatts mark on Tuesday. The total generation in the country stood at 3,958.7MW as of 6am on Tuesday, down from 4,270.7MW on Monday, according to data obtained from the Nigerian Electricity System Operator. On Monday, the peak generation stood at 4,611MW, while the lowest generation was 3,732.1MW, the NESO data showed. The total energy generated on Monday was 100,974.45MW, out of which 99,272.98MW was sent out. Although the NESO data did not state the cause of the decline in generation on Tuesday, gas and transmission constraints are the major challenges facing power stations in the country. Eko Electricity Distribution Company, in a goodwill message to its customers celebrating this year...

Petrol Should Cost More Than N280/litre, NNPC GMD, Kyari Says

30Jun

By Obiajulu Joel NwoluNo Comments

Finance, News, Nigeria

Petrol Should Cost More Than N280/litre, NNPC GMD, Kyari Says

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, has advocated for an increase in the price of petrol to about N280/litre at which Automotive Gas Oil, widely known as diesel, is being sold. Kyari said that Nigeria remains the only country in the world where the price of diesel outweighs that of petrol. He stated this on Tuesday when he appeared on Channels Television. The NNPC GMD faulted the smuggling of petrol from the country as an impediment on the country’s oil sector but added that it would not prompt another closure of the borders. He disclosed that government had intensified efforts at curbing smuggling. The NNPC boss said although petrol evacuation by NNPC in Nigeria was currently about 60 million litres daily, the...

Dielsel Price Rises to N280, LCCI Predicts Inflation Will Rise

29Jun

By Obiajulu Joel NwoluNo Comments

Finance, News, Nigeria, Petroleum

Dielsel Price Rises to N280, LCCI Predicts Inflation Will Rise

The price per litre of Automotive Gas Oil, popularly known as diesel, has jumped to N280, occasioned by the recent hike in global oil prices and naira devaluation. The price of diesel on Monday ranged from N270 to N280 per litre in several filling stations in Lagos. Reports say the price of the product which is not under government regulation was sold for N280, N279.9 and N275 per litre at Mobil, Capital Oil and Gas as well as Oando filling stations, all along the Lagos-Ibadan Expressway. Diesel often readily serve businesses to power their generators amid a lack of reliable power supply from the national grid. “The high diesel cost is taking a huge toll on operating and production costs across sectors. It is a case of multiple jeopardy for businesses,” the Director-General, Lagos Cham...

17Feb

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Petroleum

Marketers Hike Petrol to N170

Fuel marketers have commenced increasing their petrol pump prices amid the supply shortfall facing private depots in Apapa, Lagos State. Filling stations in Lagos and Ogun states increased the pump price of petrol to N170 per litre on Tuesday from N162 per litre, Punch reports. Among the stations were Capital Oil and Gas, Fatgbems and Amo Oil, all along the Lagos-Ibadan Expressway. Another station, Enyo Retail, adjusted its pump price to N165 per litre from N162. Speaking on the increment, Mr Mike Osatuyi, the National Operation Controller, Independent Petroleum Marketers Association of Nigeria, said that the members of the association were forced to increase the pump price because they bought the product at N160-N161 from depot owners. On Thursday last week, it was reported th...

PDP Cautions Buhari against Fuel Price Hike

14Feb

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Petroleum

PDP Cautions Buhari against Fuel Price Hike

The main opposition party, the People’s Democratic Party (PDP) has warned President Muhammadu Buhari administration against the further increase of fuel price. According to the opposition party, the APC administration is undertaking discussions and consultations aimed at the upward review of fuel price in Nigeria from N170 to a higher figure. This was contained in a statement by the PDP titled, ‘Don’t Ever Contemplate Another Fuel Price Increase, PDP Tells APC Administration.’ The PDP asked the APC administration to perish such thoughts. The statement partly read, “Our party cautions the APC to immediately perish such contemplations as it would amount to pushing the already impoverished Nigerians to the wall; a situation that might result in public restiveness and acercabation ...

Scores Injured as Gas Explosion Hits Rivers Community

24Jan

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Power

Scores Injured as Gas Explosion Hits Rivers Community

Many people sustained varying degrees of injury while some residents fled as a gas plant exploded in Rumuodomaya community, Obio/Akpo Local Government Area of Rivers State on Saturday night, African News Today has gathered. The incident took place at about 8;45 pm with a loud sound which caused panic among residents of the area with some fleeing their homes in panic. African News Today could not ascertain the cause of the explosion at the time of filing this report. The latest explosion came barely three weeks after a gas leak at a facility operated by the Nigeria Liquefied Natural Gas (NLNG) in Elibrada, Emuoha Local Government Area of the state. Details later…

Minister of Power Directs NERC to Suspend Reviewed Electricity Tariff

8Jan

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Power

Minister of Power Directs NERC to Suspend Reviewed Electricity Tariff

The minister of power, Saleh Mamman, has asked the Nigerian Electricity Regulatory Commission, NERC, to suspend the implementation of the reviewed electricity tariff. The directive followed the approval by NERC on Tuesday for an increase in electricity tariff across the federation. The minister in a statement issued on Thursday said the tariff review will be suspended until the conclusion of the joint ad hoc committee’s work at the end of January. According to Mamman, the government had initially reduced the tariff of all categories of electricity consumers to help Nigerians cope with the impact of the COVID-19 pandemic. He said, “Government continues to fully subsidise 55% of on-grid consumers in bands D and E and maintain the life line tariff for the poor and underprivileged....

NERC Ratifies Fresh Increase in Electricity Tariff

5Jan

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Power

NERC Ratifies Fresh Increase in Electricity Tariff

The Nigerian Electricity Regulatory Commission, NERC, has ratified an increase in electricity tariff across the country, effective from January 1, 2021. This was contained in a directive issued on December 31, 2020, signed by NERCC chairman, Sanusi Garba. The regulatory commission disclosed that the new tariff will remain valid until the issuance of another minor review order or an extraordinary tariff review order by the commission, The Cable reports. It said the upward review was informed by factors such as Nigeria’s inflation rate, exchange rate, US rate of inflation, available generation capacity, gas price, MDA losses and capex adjustment. The NERC said, “This order supersedes ORDER/NERC/ 202B/2020 and shall take effect from January 1, 2021, and shall cease to have an effe...