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Nigeria's PIB nears journey's end [NGW Magazine]

Nigeria‘s PIB nears journey’s end [NGW Magazine]
Feb 18, 2021 7:15:am
Summary
The Nigerian Petroleum Investment Bill is nearing enactment, but there are still differences between the states and the government over sharing the upstream bounty. [NGW Magazine Volume 6, Issue 4]
by: Omono Okonkwo
Over a decade after first mooted, the Petroleum Industry Bill (PIB) is set to become law this spring. The speaker of the lower chamber of Nigeria’s national assembly, Femi Gbajamiamila, said in January that “we intend to pass this bill by April. That is the commitment we have made. Some may call it a tall order, but we will do it and we will do it with every sense of responsibility without compromising the thoroughness of the work that will be done.” ....

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Board of Coal India approves venturing into aluminium and solar power value chain

At meeting held on 24 December 2020The Board of Coal India at its meeting held on 24 December 2020 has accorded its In-principle approval to venture value into aluminium value chain (Mining-Refining-smelting) and solar power value chain (Ingot-wafer-cell-Module and Generation).
It also approved to create SPVs subject to obtaining concurrence from Niti Aayog, DIPAM and after feasibility studies and business analysis are completed and financial viability is established for the following-
a. Solar Power Value Chain (Ingot-Wafer-Cell-Module) business vertical at CIL
b. New & Renewable Energy (Non-conventional) Business vertical at CIL
c. Integrated Aluminium complex: A Greenfield project by central coalfields, a subsidiary of Coal India. ....

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