The group intends to deliver 1000MW capacity of Hybrid solar power within 24 Months.
The new refinery is expected to be operational in 2024.
DPR announced that the importation of petroleum products would reverse when the new refineries resume.
Autogas to be dispensed into automobiles are Liquefied Petroleum Gas, Compressed Natural Gas, others.
Lekoil recorded a loss of $12 million in 2019 as against the $7.8 million loss that it recorded in 2018.
The refinery is expected to contribute about 271 million litres of refined products.
DISCOs have been given conditions under which electricity tariffs can be reviewed and increased.
NERC said President Buhari remains committed to protecting Nigerians arbitrary/estimated billings.
Electricity Tariff hike is set to go live on September 1, 2020.
The new regulations would be in line with its commitment to support Nigeria’s electricity reforms.