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The National Council on Privatisation (NCP) has given its approval for the development of the 1,650MW Makurdi hydroelectric power (HEP) plant.

Nigeria
Subscriber

Additions of renewable power generating capacity are proceeding more slowly than expected in markets with weak grids, such as Nigeria and Malawi. In response, developers are assessing potential solutions including increased baseload capacity and ancillary services agreements.

Malawi | Nigeria
Free

Global Alliance for People and Planet and the Norwegian government have pledged more funding to support the development of solar power in Sahel countries.

Niger | Chad | Nigeria | Ethiopia | Djibouti | Eritrea | Burkina Faso | Mali
Subscriber

Addax Petroleum Corporation has ended a 24-year presence in Nigeria after Nigerian National Petroleum Company (NNPC) confirmed on 1 November that it had signed a memorandum of understanding (MoU) on the transfer, settlement and exit agreement for oil mining leases (OMLs) 123, 124, 126 and 137.

Nigeria
Subscriber

Crossboundary Energy will deploy solar PV hybrid power plants at breweries in Enugu and Oyo states, continuing its growth in Nigeria following a recent $60m deal with Engie.

Nigeria
Subscriber

The Bureau of Public Enterprises (BPE) has issued a request for qualification (RfQ) for a 30-year operations and maintenance contract for the 700MW Zungeru hydroelectric power in Nigeria.

Nigeria
Subscriber

Contracts have been awarded to build solar PV power plants at seven tertiary institutions under the Energising Education Programme (EEP)’s second phase. The EEP is a World Bank-funded programme aimed at improving energy access in tertiary institutions in Nigeria. Nine universities are slated to receive support in phase one.

Nigeria
Subscriber

Glencore received the ‘highest ever fines and costs ordered in a British corporate criminal conviction’, the UK’s Serious Fraud Office said after a London court found the resources giant guilty of graft – in Cameroon, Côte d’Ivoire and Nigeria – and of ‘failures to prevent bribery’ in Equatorial Guinea and South Sudan in 2011-14. Chastened once more after its practises were reported in eye-watering legal detail, Glencore has embarked on “an extensive programme of corporate reform”.

Cameroon | South Sudan | Nigeria | Equatorial Guinea | Côte d'Ivoire
Free

The Korea Institute for the Advancement of Technology (KIAT) is to invest $12.4m in four solar PV mini-grid projects in Nigeria, under a deal signed with the Rural Electrification Agency (REA).

Nigeria
Subscriber

Moody’s Investors Service has downgraded its local and foreign currency long-term issuer ratings and foreign currency senior unsecured debt rating to B3 from B2 as financial and capital outflows exceed the current account surplus, further eroding foreign exchange reserves.

Nigeria
Free
Project bulletin

Canada’s Em-one Energy Solutions has been awarded a contract to construct the 3.1MW University of Abuja solar PV, diesel and battery plant.

Nigeria
Subscriber

Plans for the ambitious Nigeria-Morocco Gas Pipeline (NMGP) were given a boost in mid-October, when Mauritania and Senegal became the first two transit countries to sign memoranda of understanding (MoUs) for the 7,000km-plus project.

Nigeria | Morocco
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