UMEME blames power outages on climate change at AGM

Uganda power distributor Umeme Limited has attributed the constant power outages that leave hundreds of Ugandans in the dark to global warming. During a stakeholders’ Annual General Meeting (AGM) at Sheraton Hotel on Thursday, Chairman Board of Directors Patrick Bitature said the national electricity grid could not handle increasingly stronger storms caused by climate change. […]

Africa’s richest man Aliko Dangote joins Bill Gates to set up Multibillion Dollar Clean-Energy Fund

Bill Gates, the world’s richest man, and fellow philanthropists have revealed details of a fund for clean energy technology to be used in countries that have committed public money to double research and development. Gates, co-founder of Microsoft Corp., will be joined by at least 27 other private investors in the so-called “Breakthrough Energy Coalition,” […]

Nigeria Lost $50 Billion Investment Over Non-Passage of Petroleum Industry Bill

Mr. Sergius Oseasochie is the Managing Director/CEO, Relentech Integrated Services Ltd, Nigeria. He was recently elected into the House of Representatives to represent Esan North-East/Esan South-East of Edo State. In this interview with Ediri Ejoh, he lamented the non-passage of the Petroleum Industry Bill (PIB) by the seventh National Assembly and also emphasized the need […]

Nigerian Gas Tycoon : Govt Losing U.S.$55 Billion Investments Over Low Gas Price

President of the Nigerian Gas Association, NGA, and Managing Director, Oando Gas & Power Limited, Mr. Bolaji Osunsanya, yesterday, called on the Federal Government to increase the prices of gas, stating that the country is losing an estimated $55 billion, about N11 trillion worth of investment due to its refusal to hike gas prices. Speaking […]

Seven Energy bags award, assures better deal in oil sector

AN indigenous oil and gas development, production and gas distribution company, Seven Energy International Limited, has emerged winner of the Indigenous Firm of the Year Award, conferred by the Petroleum Africa magazine.   The award is given in recognition of Africa’s indigenous oil and gas companies for their investment and involvement in upstream, midstream and downstream […]

South Africa turns to gas imports to reduce its energy shortfall

South Africa plans to improve its pipelines and ports to allow for more gas imports for use in power generation, the acting director general of the department of energy said on Tuesday. Africa’s most advanced economy is dependent on coal for power and also uses relatively expensive diesel for turbines. State-run power utility Eskom which […]

UK private equity investing in African renewable energy

Actis, a UK-based private equity group, alongside partners Mainstream and Lekela Power, are setting up a $1.9bn renewable energy business that will capture and distribute energy across the African continent. The news of this investment comes at a particularly pertinent time; the continent’s most advanced economy, South Africa, is currently facing major blackouts as it […]