Tag: oil and gas

Power generation to rise by 40%

Adeola Adebowale Leave a comment
The Minister of Petroleum Resources, Diezani Allison Madueke has stated that the Federal Government is embarking on initiatives that will see the power generation levels in the country increase by 40% before the beginning of the following year. Speaking at the on-going Nigeria Oil and Gas (NOG) conference in Abuja Tuesday, the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, said the 12-month emergency gas supply… Read more

Power sector: New owners to take possession of assets June 2013

Adeola Adebowale Leave a comment
The newly preferred bidders in the Federal Government’s privatised power sector are expected to take possession of assets by June, 2013. A member, National Council on Privatization, NCP, and Chairman, NCP’s Technical Committee, Mr. Atedo Peterside revealed this yesterday at 2013 Standard Bank West Africa Investor Conference, saying, “we expect new owners to take possession of these power sector assets in mid- 2013 and also… Read more