Seven Energy Begins Supply of Gas, FG Open To Divest Shares

Seven Energy Begins Supply of Gas, FG Open To Divest Shares

Fashola Set To Meet With LCCI

The Lagos Chamber of Commerce and Industry (LCCI) is set to hold a dialogue targeted at proffering solutions to challenges in the nation’s power sector. According to a statement issued by the chamber on Monday, the dialogue is to hold on Thursday in Lagos. The statement was issued by the Director-General of LCCI, Mr Muda Yusuf. It said that the dialogue was part of the chamber’s public sector engagement programmes for the growth of the nation’s economy. The Minister of Power, Works and Housing, Mr Babatunde Fashola, will attend this dialogue session as the special guest of honor.

Energy Efficiency as Underlying Solution to Energy Deficiencies

FG Open to Divestment of 40% Shares in Discos – Fashola

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, Monday stated that the federal government would be open to welcome new and tangible offers that would lead to it divesting its 40 percent shares in the 11 electricity distribution companies (Disco) in the country. He also disclosed that negotiations for the finance of the 3050 megawatts (MW) Mambilla Hydro Power Project would soon kick in following the government’s award of the contract for the $5.72 billion project.

News Update; GenCos and State Government In Heavy Debts

Seven Energy Begins Full Supply of Gas to Calabar Power Plant

Seven Energy International Limited have commenced the full supply of gas to the 561-megawatt capacity Calabar Power plant built by the Niger Delta Power Holding Company (NDPHC), under the National Integrated Power Project (NIPP) at Ikot Nyong, near Calabar, Cross River State.
The two subsidiaries — Seven Energy Finance Limited and Accugas Limited — said in a statement Monday that Accugas Limited commenced the supply of gas to the power station after all the conditions precedent to the long-term Gas Sales Agreement (GSA) for the supply of gas to the plant have been satisfied.
Calabar Power Station is one of the 10 medium-sized power plants built by the NDPHC to deliver 4, 2771 megawatts of electricity to the national grid.



1 Comment

Leave a Reply