Eni Makes Major Gas Discovery Offshore Egypt, Holds 2tn Cubic Feet
Italian energy firm Eni discovers 2 trillion cubic feet of gas and 130 million barrels of condensate in Egypt’s Temsah Concession, boosting the country’s energy reserves.
REA Begins N9bn Mini-Grid Projects Across Multiple Sites
Backed by the Distributed Access through Renewable Energy Scale-up (DARES) programme’s Performance-Based Grant (PBG) framework, this funding is a direct result of a recently signed N100 billion Memorandum of Understanding (MoU) with Lotus Bank.
Nigeria’s GenCos Seek Clarity on N3.3tn Debt Settlement Plan
The request follows as the federal government of Nigeria begins the implementation of a N3.3 trillion payment plan designed to clear longstanding liabilities in the power sector and stabilise electricity supply nationwide.
