Nigeria is one of Africa’s most developed, resource-rich countries and yet it has notably failed to provide its people with a reliable electricity supply. That is at last beginning to change. Five years after the privatisation of Nigeria’s power sector, even the most luxurious Lagos hotels still suffer daily blackouts. […]
Latest infographic, text researched and created by me,whilst design of graphic by member of Eniday team. Energy, in this period, is facing a crucial transition phase for the near future. The African continent, the cradle of humanity, will not stand still; in order to guarantee the growth of its states, […]
Following the big six-power companies’ price hikes, ILI Group Plc today announced that Pumped Storage Hydro (PSH) can save at least £100 on every household’s energy bill, reduce power price fluctuations for customers and offset millions of tons of CO2 emissions every year. There is now over 4.2 GW of PSH in […]
Eskom, supplier of around 95 percent of South Africa’s electricity, is in the grip of a severe financial crisis reporting a post- tax loss of R2.3 billion ($0.17 billion) , a 0.9 percent decline in sales and a rise in gearing ratio, (which measures debt relative to equity) to 72 […]
US onshore oil production averages a 33 percent IRR, observes a Wood Mackenzie report ‘How oil & gas Majors can scale in renewables’. By comparison, a wind project in a developed country generates around 7 percent IRR, while solar earns just 5 percent.