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Subscriber
Project bulletin

Nigeria Bulk Electricity Trading has yet to finalise a power purchase agreement for the Okija gas-fired plant being developed by Century Power Generation and its generation licence has now expired.

Nigeria
Subscriber

Nigeria’s indigenous gas company has declared force majeure as floods disrupt virtually all of its feedgas supplies in the Niger Delta region. Nigeria Liquefied Natural Gas (NLNG) is currently reviewing the extent of the disruption with its suppliers. At least 30 states have been hit by severe flooding with several communities completely submerged.

Nigeria
Issue 470 - 17 October 2022

Some gas export schemes must fail

Subscriber

Europe’s hunger for non-Russian sources of natural gas has intensified diplomatic and commercial rivalries in the eastern Mediterranean, pushed ambitious schemes to the forefront, and raised the prospects of other African gas plays that were previously considered marginal. But it is not obvious that European governments or buyers are ready to plump for one favoured deal over the rest, meaning the gas could still go elsewhere.  

Egypt | Nigeria | Tanzania | Morocco
Subscriber

Nigerian National Petroleum Corporation (NNPC) has acquired OVH Energy Marketing (OVH), which operates the 380-strong Oando petrol station chain in Nigeria and Togo, for an undisclosed sum. The service stations will be rebranded under the NNPC brand by end-2023.

Nigeria
Subscriber

Nigeria’s recently launched Energy Transition Plan aims to make Abuja’s target of net zero emissions by 2060 a reality, but the debt-for-climate deal proposed by Vice President Yemi Osinbajo could be even more important in relieving more immediate economic pressures – if creditors agree to provide the funds requested for a new deal that promotes gas as the key ‘transition fuel’.

Nigeria
Free

Husk Power Systems has commissioned six additional solar PV mini-grids in the Doma and Lafia areas of Nasarawa state.

Nigeria
Issue 470 - 12 October 2022

Geregu Power lists on Nigerian Exchange

Subscriber

Shares in Geregu Power started trading on the Nigerian Exchange (NGX) on 5 October, becoming the first electricity generating company (genco) to be listed on the bourse’s main board. The company joined the market via a direct listing, with 2.5bn shares priced at ₦100 each, valuing the company at ₦250bn ($569m).

Nigeria
Issue 470 - 12 October 2022

Empower raises $74m for C&I market

Subscriber

Norway’s Empower New Energy has raised $74m in equity from a consortium led by The Hague, Netherlands-based Climate Fund Managers (CFM).

Ghana | Egypt | Nigeria
Subscriber

Chronic power unreliability remains a blight in Nigeria – with half a dozen grid collapses so far this year – while the national grid remains woefully under-powered. Nigerians remain dependent on diesel and other back-ups, while big commercial and industrial (C&I) investments are being made by large private sector players. African Energy examines how the Dangote Group is becoming one of the country's major electricity generators.  

Nigeria
Subscriber
Project bulletin

A consortium of two US firms, Sterling and Wilson Solar Solutions and Sun Africa, have signed a memorandum of understanding with the Nigerian government to develop, design and commission 961MW of solar PV projects along with 455MWh of battery storage.

Nigeria
Subscriber

Supermajor Shell has acquired Nigerian commercial and industrial (C&I) developer Daystar Power for an undisclosed sum. The Lagos-headquartered firm’s co-founders and management team will remain in situ. Daystar also announced plans to expand into southern and eastern African markets.

Nigeria
Subscriber

Nigeria’s Starsight Energy and South Africa’s SolarAfrica have announced plans to merge in a deal which, if approved by regulators, will join two of Africa’s largest commercial and industrial (C&I) renewable power developers into a pan-continental player with a portfolio of over 220MW of operated and signed generation capacity.

Kenya | Ghana | Nigeria | South Africa
Issue 468 - 15 September 2022

Nigeria-Morocco Gas Pipeline MoUs signed

Subscriber

A memorandum of understanding (MoU) was signed on 15 September between Morocco’s Office National des Hydrocarbures et des Mines (Onhym), Nigerian National Petroleum Company (NNPC) and the Economic Community of West African States (Ecowas) to progress the 7,000km Nigeria-Morocco Gas Pipeline (NMGP) project.

Mauritania | Nigeria | Morocco | Senegal
Issue 467 - 02 September 2022

Nigeria: Savannah to supply gas to Notore

Subscriber

London AIM-listed Savannah Energy’s Nigeria-based subsidiary Accugas has signed an agreement with Notore Chemical Industries to supply the Onne, Rivers State-based company with up to 10 mcf/d of gas for one year, with the option to extend the deal.

Nigeria
Subscriber

Seplat Energy’s $1.6bn acquisition of ExxonMobil’s Nigerian shallow-water assets faces the very real prospect of being blocked after Nigerian National Petroleum Company (NNPC) won a court decision temporarily blocking the US major from selling its Mobil Producing Nigeria Unlimited assets to the ambitious London- and NGX-listed independent

Nigeria