State Electricity Company News

Testing, inspection and certification specialist Bureau Veritas and nuclear power technology developer ThorCon have entered an agreement for the technology qualification and the subsequent development of a 500-megawatt (MW) molten salt nuclear power barge for operations in Indonesia.The concept developed by ThorCon is a molten salt fission reactor that operates at low pressure and uses liquid fuel. The liquid fuel enables much higher operating temperatures, leading to greater…

Nigeria's oil minister announced a 213 billion naira (1.3 billion US dollar) bail-out package for power companies on Saturday, nearly a year after the sector was privatised. Despite holding the world's ninth largest gas reserves, Nigeria only produces a tenth of the amount of electricity as South Africa for a population three times the size, and in an effort to end decades of debilitating power shortages President Goodluck Jonathan handed ownership of the moribund state electricity company to private buyers last November. But some companies have already run into financial difficulties linked to debts left by the state power company and regulated prices that remain too low to be profitable.

On behalf of the Tangguh PSC partners, BP yesterday signed a Memorandum of Understanding (MoU) to provide long-term LNG supply to Indonesia’s state electricity company, PT. PLN (Persero), for domestic Indonesian needs and also to support PLN in providing electricity for Teluk Bintuni Regency, Papua Barat province. The MoU was signed as part of an expansion plan for the Tangguh LNG project in Papua Barat province, Indonesia. The MoU outlines BP’s commitment to work in partnership with PLN to reach an agreement for the supply of LNG for domestic power plant usage, as well as the supply of electricity to meet the demand of local communities and small and medium-sized enterprises in Teluk Bintuni Regency and surrounding areas. Group Chief Executive Bob Dudley.