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What the energy world looks like in 2030 Document versions Expect a decade of accelerating change The world we live in today is very different from 10 years ago. What change will this decade bring? I asked our analysts – across energy transition, power and renewables, macro oils, petrochemicals, gas, upstream, corporate, economics, metals and mining – to imagine what 2030 looks like. Here’s what they see. Technology – brave new world. The world is decarbonising, the nascent technologies of 2020 now mainstream. Energy storage, at scale, is crucial in balancing a power market dominated by intermittent solar and wind. New generation cobalt-light, high-nickel lithium-ion batteries underpin an industrialisThe Edge: What the energy world looks like in 2030 Expect a decade of accelerating change The world we live in today is very different to 10 years ago. What change will this decade bring? I asked our analysts – across energy transi...
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24TH WORLD ENERGY CONGRESS ABU DHABI 2019 WELCOME MESSAGE FROM THE HOST In September 2019, over 15,000 international energy stakeholders are expected to come together in Abu Dhabi for the 24th World Energy Congress, which will be held under the patronage of H.H. Sheikh Khalifa Bin Zayed Al Nahyan, President of the United Arab Emirates. Under the theme  Energy for Prosperity , the Congress will be a global leadership forum that defines the strategy for a collaborative, sustainable and innovative energy future that enables societal, commercial and community prosperity. Between now and the Congress we will be working hand in hand with both our regional partners and the World Energy Council global community to shape the best event in the history of the Congress. The United Arab Emirates is honoured to be hosting the Congress, which builds on and reflects the ambitious energy transformation that the country is going through at present. We recently announced two of the ...
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Shell, Eni executives in $1bn Nigeria bribery case Royal Dutch Shell Plc and Eni SpA face additional corruption allegations over a Nigerian oil deal, after the  Federal Government  said in a London lawsuit that it believed a handful of executives, including Chief Executive Officers, were tied to more than $1bn in bribery payments. The Federal Government had in December last year filed a $1.1bn lawsuit against Shell and Eni in a commercial court in London in relation to a 2011 oilfield deal in Nigeria. In court  documents  filed in early April, the Nigerian government said the oil companies’ senior managers agreed in 2011 to make a large payment for an offshore oil block, Oil Prospecting Licence 245, understanding the money would trickle down to government officials and senior executives from both companies, Bloomberg reported on Tuesday. The filing singles out individuals who haven’t previously been caught up in the scandal, including a former Shell CEO, ...
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Nigeria: The Next Big Frontier for Rural Electricity Access Mark Amaza and Chibuikem Agbaegbu Igu, a farming village in Nigeria of about 4000 people, has never had electricity, despite being located in Nigeria’s Federal Capital Territory, just an hour’s drive from the seat of Nigeria's Federal Government, Abuja. For villages like Igu, getting access to energy has until now remained a far-fetched dream. But rural electrification in Nigeria is about to get a new lease of life, through the deployment of decentralized renewable energy (DRE) solutions by the country’s states, as well as by the federal government. For years, states have been hamstrung by a lack of awareness of what options exist, especially regarding DRE solutions such as mini-grids and standalone solar systems. The situation began in 1991, when the Nigerian government  began to make conscious efforts  to expand rural electrification in the country by connecting the headquarters of all its local gov...
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Power firm Greenlight Planet, targets 30m Nigerians by 2030 Greenlight Planet, a solar home energy company, said it has delivered clean energy to more than two million individuals in Nigeria, while focusing on rapid innovation of its product and distribution strategy. On a mission to power the underserved, Greenlight Planet began distributing its Sun KingTM solar home energy products in the country in 2011. Speaking on its journey in Nigeria so far, Global Business Leader, Sun King-Easy-Buy, Dhaval Radia, said: “Over the last seven years, we have sold more than 500,000 life-changing Sun KingTM solar solutions in Nigeria through strategic distribution partnerships and our own pay-as-you-go distribution channel. Customers have been quick to recognise that an investment in a Sun King product more than pays for itself over time, with several customers experiencing dramatic improvements in household savings, increased productivity for their small businesses and additional study ti...
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European Investment Bank Sign $25M Solar Funding Pact for Nigeria, Others The European Investment Bank (EIB–the EU bank) yesterday, signed a $25m financing installation of off-grid solar systems with the light to strengthen access to energy in Nigeria and four other African countries. Vice-President of the bank, Ambroise Fayolle, who announced the project at the ongoing 6th Africa CEO Forum in Abidjan, Cote ‘Ivoire, listed other countries to include Ethiopia, Kenya, Tanzania and Uganda, said the energy would be supplied via solar kits that do not require a grid, which are easy to use and inexpensive for users, to come in a pre-payment system. He stated that particular emphasis will be placed on rural and suburban populations and micro-entrepreneurs when it eventually materialise. According to him, the financing will enable d.light design to develop the installation of solar kits – including not only panels and lamps, but also low-energy equipment (radios, TVs, etc.) –...
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TCN: Power Transmission Contracts Top List of Abandoned Infrastructure Projects Culled from Thisday Of all the infrastructure projects that were procured but abandoned and left to rot away over the years, those contracted by the Transmission Company of Nigeria (TCN) to expand the country’s transmission network are top on the list of these abandoned projects, the interim Managing Director of the TCN, Mr. Usman Mohammed, has disclosed. Mohammed, stated that these abandoned TCN projects were scattered across the country, and that a lot of them had largely been paid for by the government. He said the contractors for them were mostly Nigerians without the required capacities but selected by influential people in government.According to him, this has cost the TCN both in terms of finances and goodwill especially within multilateral agencies that are always willing to provide funds for its network expansion. Mohammed said these at the weekend when two high-end transmission infra...
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