Oil & Energy
FG Signs MoU For 1,000 Megawatts Solar Power Plant
The Federal Government
has signed a Memorandum of Understanding (MoU) with Firstgate Business Intermediaries Limited and its South Korean technical partners to construct 1,000 megawatts solar plant in Nigeria.
The Minister of Power, Prof. Chinedu Nebo, who signed on behalf of the Federal Government, urged them to deliver the projects within the time frame as contained in the agreement.
Nebo also urged Firstgate Business Intermediaries Ltd., a local company, to ensure that it tapped into the huge power technology that abounds in South Korea to deliver quality power plant in Nigeria.
According to him, there are solar energy farms in South Korea that could power cluster industries with advanced battery storage systems.
He said that building such plants in Nigeria required huge financing.
“It requires an average of 2 billion US dollars to have an operational 1,000 megawatts thermal power plant, which the company said it will also build in line with the signed pact,“ he said.
Nebo said that the ministry would work towards assisting the investors on facilitating the project especially to acquire the Power Purchase Agreement (PPA) and other documents.
Earlier, Chairman of the company, Mr Kelvin Asogwa, said the company has buoyant financiers and was also collaborating with local banks for the projects.
He noted that the company has technical partners from Turkey who are reputable and has excelled in power projects.
Asogwa said the company has an agreement with the Kogi Government to build a solar farm on 2,700 hectares of land.
According to him, the company will commence work on the project within three months, once it gets the prerequisite things from government.
He disclosed that it has agreements with foreign partners to train about 74,000 youths in their operating plants overseas.
Asogwa said that the youths would constitute the workforce for the local companies being constructed.
“We have planned to work with 74,000 youths to be trained.
“The MoU we have with these companies say the foreign partners will take our youths while they are on training.
“They will be building these companies here and the youths will be absorbed by the factories after graduation,“ he said.
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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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