Companies & Products articles


Seven Energy Seals $200M World Bank Gas Financing Deal

Seven Energy Seals $200M World Bank Gas Financing Deal

Independent integrated oil and gas development, production and gas distribution company, Seven Energy, has concluded a $200 million gas development deal with the World Bank. The Multilateral Investment Guarantee Agency (MIGA), a political risk insurance and credit enhancement arm of the World Bank Group, said the deal is its first engagement in Nigeria’s gas sector.

Alstom to Supply Transformers for World’s Largest Floating Power Plant

Alstom has signed a contract with Karadeniz Energy Group, to supply power transformers for the Turkish, Karadeniz Powership Osman Khan (KPS12) power plant. At 486 MW, the Karadeniz Powership Osman Khan[1] will be the world’s largest floating power plant. The delivery is planned to be completed early 2016. Alstom will design, manufacture and deliver 200

Big power users face potentially smaller harvest from community solar gardens in Minnesota

Large customers of Xcel Energy Inc. that signed up for shared solar energy projects are getting squeezed by a new size restriction and may not get all the solar power or cost savings they expected. This problem affects Ecolab Inc. and Macalester College in St. Paul, St. Olaf College in Northfield and many government units


IBEDC Opposes Removal of Fixed Electricity Charges

Should the federal government, through the Bureau of Public Enterprises (BPE), go ahead with its plan to stop monthly fixed charges on electricity in the country, it would have a great impact on the revenue of new owners of power distributors in Nigeria. The Managing Director of the Ibadan Electricity Distribution Company (IBEDC), Fortunato Leynes,

power sector

Genesis Electricity Wins 2014 Africa Utility award

Genesis Electricity Ltd, GEL, has been declared the African Power Utility of the year at the Africa Utility Week Awards. The awards which held at the International Convention Centre in Cape Town, South Africa, is an annual award where winners are selected by an independent panel of judges based on their excellence in any one

gas plant

Forte Oil to Upgrade Geregu Power With N14.40 Billion Investment

Forte Oil Plc has disclosed plan to commit N14.40billiion (about $90 million) in overhauling its recently acquired Geregu Power Plant, GPP, to fully achieve the 414 mega watts installed capacity of the plant. Speaking at the company’s ‘Facts behind Figure’ on the Nigerian Stock Exchange, NSE, the Group Managing Director/CEO, Forte Oil Plc, Mr. Akin


Eko Disco Targets 20% Annual Power Generation Growth by 2020

Eko Electricity Distribution Company (Eko Disco) has commenced work on a plan to grow generation by 20 percent each year to 1,000 megawatts (MW) for its electricity networks by 2020. The company would, however, give supply to only those customers willing and able to pay the set price which is likely to be between N24


Deadline Extended for Buyers of Kaduna, Afam Power Plants

The Bureau of Public Enterprises (BPE) said the federal government has approved the extension of payment deadline by preferred bidders of Afam Power Plc and Kaduna Electricity Distribution Company by 60 days. This is contained in a statement made available to newsmen in Abuja on Tuesday by the head of public communications of BPE, Mr

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