Energy

[vc_row][vc_column][eovo_advanced_image title=”Energy” image=”4876″][ultimate_spacer height=”20″][vc_column_text]Many great hurdles have been overcome in the last decade regarding energy production and consumption in Nigeria. Nigeria’s primary energy consumption was about 108 million tonnes of oil equivalent (Mtoe) in 2011. Most of Nigeria’s energy comes from traditional biomass and waste, which account for nearly 83% of total primary consumption. The remainder is derived from fossil fuels which make up roughly 16% and hydropower which accounts for about 1%.

Major contributors to Nigeria’s energy sector include the Nigerian National Petroleum Company (NNPC), Shell, Chevron, Total, Exxon Mobile, GEPetrobras, Statoil, Total, Eni, Conoco, China National Petroleum Corporation (CNPC) and China National Offshore Oil Corporation.

Nigeria’s energy sector is slated for competition in the world markets as renewable energies have become a popular source for power worldwide. Though still in its nascent stage, hydropower, wind, solar and biomass energy sources are being developed with high priority, with a target of producing 7% of Nigeria’s 2025 energy needs from solar and hydro sources.

At PANA Holdings we have developed a sensitive touch for the new technologies ahead and have scanned opportunities and partners to team up with in the field of renewable energies and wind turbines, such as ENTEKA, who is among the leading entities in the specific sector in Greece.[/vc_column_text][/vc_column][/vc_row]