Oil & Energy
FG Boosts Power Sector With Three New MoUs
The power sector has received
a boost as the Federal Government has signed three Memoranda of Understanding (MoUs) with three more power companies with a view to boost generation and distribution of power supply in the country.
The companies are: SEPCO lll Electric Power Construction Corporation, CGC Nigeria Limited, and 3D Hitech System Limited.
The Power Minister, Prof Chinedu Nebo, at the MoU signing ceremony held at the ministry’s conference room, charged the new companies to deliver on their promises as to improve on power supply.
Nebo said Nigerians are hungry for power and would still demand for more, even if the output of the MoU were, “doubled, tripled or guadrupled”.
The Minister particularly commended 3D Hitech System Limited for its strong demonstration of capacity in the test-running of the 110 megawatts of power that it is currently working on, which would soon be commissioned.
He said the 500 megawatts gas-fired turbine to be cited in Ajaokuta would also go a long way in enriching the national grid.
Nebo said that the transmission was fast becoming a major bottleneck in the distribution of electricity, and also lauded both the CGC Nigeria Limited and SEPCO111 for their strong interest in financing and provision of transmission infrastructure, noting that the development is in the right direction.
He stated that the money being injected into the area by private institutions would go a long way to inject further into the transmission network, and assured them of the needed moral support and government’s backing in order to realize its mandate.
Earlier, the Chief Executive Officer of 3D Hitech System Limited, Mr Patrick Azi promised that the ground breaking ceremony for the 500mwgas-fired turbine to be cited in Ajaokuta, Kogi State, would soon be held and assured that its installations will be completed within six to nine months.
In his response, the Managing Director of CGC Nigeria Limited, Li Xuhui stated the company’s MoU was signed for the financing and execution of transmission projects, and equally assured that it would work assiduously to ensure the funding is made available for the strengthening of the transmission network.
In similar vein, the Executive President of SEPCOIII, Zhang Hongsong, also promised that his company would ensure that supply, refurbishing and replacement of transmission materials are given top priority so that the goal of President Goodluck Jonathan’s Transformation Agenda is fully actualized.
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Dangote Refinery Resumes Gantry Self-Collection Sales, Tuesday
This is revealed in an email communication from the Group Commercial Operations Department of the company, and obtained by Newsmen, at the Weekend.
The company explained that while gantry access is being reinstated, the free delivery service remains operational, with marketers encouraged to continue registering their outlets for direct supply at no additional cost.
The statement said “in reference to the earlier email communication on the suspension of the PMS self-collection gantry sales, please note that we will be resuming the self-collection gantry sales on the 23rd of September, 2025”.
Dangote Petroleum Refinery also apologised to its partners for any inconvenience the suspension may have caused, while assuring stakeholders of its commitment to improving efficiency and ensuring seamless supply.
“Meanwhile, please be informed that we are aggressively delivering on the free delivery scheme, and it is still open for registration. We encourage you to register your stations and pay for the product to be delivered directly to you for free. We sincerely apologise for any inconvenience this may cause and appreciate your understanding,” it added.
It would be recalled that in September 18, 2025, Dangote refinery had suspended gantry-based self-collection of petroleum products at its depot. The move was designed to accelerate the adoption of its Free Delivery Scheme, which guarantees direct shipments of petroleum products to registered retail outlets across Nigeria.
The refinery stressed that the earlier decision was an operational adjustment aimed at streamlining efficiency in the downstream supply chain.
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