SABINEWS ENERGY NEWS UPDATE

SABINEWS ENERGY NEWS UPDATE

Sabinews Daily Energy News Update for July 24, 2014

ELECTRICITY: FG plans new sanctions for bills defaultersSabi-Energy

The Federal Government, yesterday, vowed to mete out severe sanctions to perpetual defaulters in the payment of electricity bills.

According to a statement by Mr. Benjamin Dikki, Director-General, Bureau of Public Enterprises, BPE, government is considering a law stipulating stiffer sanctions for perpetrators of energy theft, perpetual bill defaulters and vandals of electricity equipment.  Readmore

TCN commences facility upgrade to stabilize power supply in Lagos

Transmission Company of Nigeria(TCN),Lagos region has  concluded plans to embark on the reconstruction of the 132KV Lines 1&2 on Towers 66-67 of the Ikeja West-Oworonshoki High Tension Lines by the Berger Junction on the Lagos end of the Lagos-Ibadan Expressway.

Mrs. Celestina Osin, Senior Manager Public  Affairs of the firm  who confirmed the development in a statement sent to Daily Independent yesterday in Lagos  said, the reconstruction of the line  will be on Saturday July 26, 2014.  (Daily Independent pg 28)

Angola plans to close oil output gap with Nigeria under Eni’s project

ANGOLA, Africa’s second-largest crude oil producer, has upgraded a production vessel for new pumping this year as it targets output rivaling its bigger competitor, Nigeria.

Eni plans to start production within five months as operator of Block 15-06’s West Hub fields, estimated to hold reserves of 200 million barrels, and boost flows to 80,000 barrels a day, documents on the Rome-based company’s website show. The block’s East Hub development is due to pump about 49,000 barrels a day after starting in 2016, the documents say. Read more

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