Despite having one-fifth of the world’s population, Africa currently accounts for only 3% of global energy…
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Seven Oil Marketers to Distribute Dangote Refinery’s Products
Nigeria’s seven major oil marketers have registered with the Dangote Petroleum Refinery to lift and distribute…
Avaada Group Signs MoU with Gujarat for 6GW Hybrid Projects
Avaada Group, a leading integrated energy platform in India, has entered into a Memorandum of Understanding…
Afreximbank Confirms Disbursement of $2.25bn Crude Oil Prepayment Facility
The African Export-Import Bank (Afreximbank) has confirmed the initial disbursement of $2.25 billion out of the…
Petrobras Shifts Focus to Local Greenfield Projects
Petrobras, the state-run Brazilian oil firm, has announced that it would not invest in foreign wind…
Egypt, ACWA Power Sign $1.5bn Wind Energy Agreement
Egyptian cabinet has stated that the country has signed an agreement for a 1.1 gigawatt wind…
TCN Disconnects Ajaokuta Steel from Grid Due to N33bn Debt
The Transmission Company of Nigeria (TCN) has disconnected Ajaokuta Steel Company Limited (ASCL) from the national…
NERC Plans to Sell Kaduna Electric over $130m Debt
Due to mounting debt, the Nigerian Electricity Regulatory Commission (NERC) is preparing to sell Kaduna Electricity…
Better Energy, Andel to Build 15 Solar Energy Parks in Denmark
Better Energy, a Danish renewables company and Andel, a fibre-optic group, have teamed up on a…
Russia Lends Egypt Over $1bn to Construct Nuclear Power Plant
Egyptian government officials have disclosed that Russia has lent Egypt over $1 billion to date of…