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Stories by Ugo Amadi

THE Federal Government has provided guidelines for power firms to adhere to in order to efficiently sign Power Purchase Agreements (PPA) with the Nigerian Bulk Electricity Trading Company,
The Minister of Power, Prof. Chinedu Nebo, stated that the PPA was the instrument with which the NBET would manage risks in the electricity market, adding that the initiative had encouraged various foreign investors to invest in the Nigerian power sector.

THE shareholders of the multi-billion dollar Brass Liquefied Natural Gas (LNG) project have constituted a new pre-Front End Engineering Design (FEED) team and adopted a new technology, APCL so as to ensure that the exit of ConocoPhillips and the discontinuance of the initial Cascade technology does not hamper the implementation of the project.

AN  indigenous firm, Torrent Energy Limited has concluded plans to build a 30 megawatts waste-to-energy plant to augment electricity generation of the country,
In their presentations for a proposed waste-to-energy plant at the Ministry of Power in Abuja, both the Managing Director of Torrent Energy, Okey Chidume and its Executive Director, Tudor Mikko stated that the planned 30MW, though not huge, could contribute immensely in boosting the country’s efforts.

THE Major Oil Marketers Association of Nigeria (MOMAN) and Nigeria Association of Small and Medium Enterprises (NASME) have joined the league of participants for the first quarter Roundtable on Nigerian Economy by Nigerian NewsDirect.
This follows confirmation last week by Senator Lee Maeba, former Senate Committee Chairman (Petroleum Upstream) and Group Managing Director Oilserv Limited Sir Emeka Okwuosa.

Africa’s leading utility, energy and water professionals and projects are to be honoured again at the annual African Utility Week and Clean Power Africa that is taking place in Cape Town from 12-14 May this year.
Designed to celebrate the African triumphs and successes of the industry throughout 2014, the industry will be able to nominate candidates for ten award categories in the African Utility Week Industry Awards on 13 May, ranging from Utility Executive to Clean Energy Project of the Year and the new category of Outstanding Woman in Power/Water.
The esteemed panel of judges that will decide on the winners includes Brian Dames, former Eskom CEO, Musara Beta, Chief Market Analyst, Southern African Power Pool (SAPP), Zimbabwe and Peter Mtonda, Director of Distribution & Customer Services, ESCOM, Malawi.

Ghana’s President, John Mahama has said that Nigeria paid Ghana $10 million in penalties for failing to deliver the quantity of gas spelt out under the West African Gas Pipeline project,
He also said that the power plants that rely on gas from the West Africa Gas Pipeline have been shut down as a result of Nigeria’s failure to provide enough of gas in accordance with the contract.

Ugo Amadi
with agency reports

Lekoil, the oil and gas exploration and development company with a focus on West Africa Nigeria inclusive has announced the completion of an addendum to the Competent Persons Report “CPR”on the Otakikpo Marginal Field by AGR TRACS International Ltd.
In a statement made available to news men, LekanAkinyanmi, Lekoil’s CEO said that the Addendum to the September 2014 CPR covers the recent progress on the project following approval, in early December 2014, by the Nigerian Ministry of Petroleum of the planned recompletions of the 002 and 003 wells on Otakikpo. 

The  developers of the world’s first solar-powered plane (with the capacity to fly for seven days and nights), announced that it will embark on its global journey in early March 2015,
With flying speeds of around 50-100 kms (30-60 miles) per hour, the journey for Solar Impulse 2 (Si2) is expected to take 5 months from take-off, flying over the Pacific Ocean and making regular stops along the route, which has been 12 years in the planning.

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