Category: Energy/Power

Eko Disco to encourages ‘Electronic Payment’ to reduce cash payment

The Management of Eko Electricity Distribution Company Plc (EKEDC),  has urged customers to embrace modern electronic payment  for electricity consumption, as it works towards eliminating cash payment. Mr Joseph Esenwa, the company’s Chief Financial Officer disclosed  this in Lagos that the effort was to reduce payment queues at some of the EKEDC offices. He said that…

NNPC, Seplat eye 3.4bscf/d of gas

The Nigerian National Petroleum Corporation (NNPC) and Seplat Petroleum Development Company (SPDC) have signed  agreements to expedite the development of a project aimed at delivering about 3.4 billion standard cubic feet of gas per day by 2020. The project, Assa North and Ohaji South (ANOH) gas development scheme, is one of the seven Critical Gas…

OPEC sees lower demand for oil

  The Organisation of Petroleum Exporting Countries (OPEC) yesterday forecast lower demand for its crude next year as rivals pump more. It said top oil exporter Saudi Arabia, is also eager to avoid a return of oversupply and had cut production. In its monthly report, OPEC said the world will need 32.05 million barrels per…

NNPC targets 3.4bn scf gas per day by 2020 sign pacts with Seplat

In an efforts to earns more and boost domestic consumption of gas in the country, the Nigerian National Petroleum Corporation (NNPC) has partners Seplat Petroleum Development Company (SPDC)  in a five agreements to expedite the development of a project aimed at delivering about 3.4 billion standard cubic feet (SCF) of gas per day by 2020.…

Nigerian banks’ll collapse if power firms fail – Discos

Most Nigerian banks will collapse if power generation and distribution companies fail, electricity distributors have warned. They also stated that despite the problems in Nigeria’s power sector, the Minister of Power, Works and Housing, Babatunde Fashola, had not met with investors in the distribution arm of the industry since 2015. Speaking during a live television…

Disruptions from national grid take toll on BEDC

Between January and July this year, the Transmission Company of Nigeria (TCN) national grid has been highly unstable with over 2,000 outages and interruptions recorded in BEDC Electricity Plc (BEDC’s) network coverage area of Delta, Edo, Ekiti and Ondo, causing affected customers dissatisfactions,  its Managing Director/CEO of BEDC, Mrs Funke Osibodu has said. She spoke…