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Oando Acquires Oil Block In Angola

Oando Plc  Favour Ifeoluwa & Akinola Ajibade  Oando Plc  says it has completed and won the bid for the operatorship of oil block KON 13 in Angola. The firm which recently acquired Eni of Italy’s oil assets in Nigeria, said that the award of the oil block located in Angola’s onshore Kwanza Basin followed a competitive bidding process by the country’s oil and gas sector regulator. It further said hat the asset in which it owns 45 per cent participating interest, has estimated prospective resources of 770 to 1,100 million barrels of oil. Oando is handling its operations relating to the asset through its upstream subsidiary, Oando Energy Resources (OER). “Oando Plc,  Africa’s leading indigenous energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange is pleased to announce that its upstream subsidiary, Oando Energy Resources (OER), has been awarded operatorship of Block KON 13 in Angola’s Onshore Kwanza Basin, following a...
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Egbin Ties 1000 MW Peak to Industry Support


Egbin Electricity Plants

By Favour & Akinola Ajibade


Egbin Power Plc has disclosed a record-breaking 1000MW power generation, a feat representing a new peak in a 2-year record, Its Chief Executive Officer, Mokhtar Bounour, has disclosed. 

Egbin owns the largest power plant in Nigeria, with a capacity of 1900 megawatts ( Mw) of electricity. 

He said that the company  achieved the feat  through support and cooperation of industry operators and stakeholders.

He lauded the employees for their commitment towards delivering outstanding performance which has consistently enabled the company to make significant contribution to the power sector.

“This remarkable achievement recorded on Sunday June 25, 2023, could not have been possible without the support of industry operators. It is a testament to the fact that collaboration is key to the progress in the power sector.

“At Egbin Power, we have a culture of excellence deeply entrenched in our operations, and we give priority to human capital development, while we pay high attention to quality maintenance of our facility, in addition to our best-in-class health, safety and environment practice.

“At Egbin Power, we will continue to deliver impactful results in the power sector knowing fully well that electricity is crucial in driving industrial development and socio-economic growth. We remain steadfast to our goal of empowering lives and livelihoods because we are committed to our stakeholders,”he explained.

He expressed his company’s commitmentto the goal of increasing the capacity of the plant and to consistently drive sustainability.

Last year, Egbin Power announced a plan for its Phase Two investment expansion plan that is projected to add up to 1,750 megawatts (MW) into the national grid.

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