Sunday 24th June 2018,
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Browsing the "Power" Category

NERC defies court order, grants fresh license

In what appears to be a disregard to a court order, the Nigerian Electricity Regulatory Commission (NERC) has finally granted generating license to a private company for the distribution of power in Ariara Market. This is said to be in [...]

June 13, 2018 Power

NNPC cannot be transparent until an angel is appointed – Sanusi

Emir of Kano, Muhammadu Sanusi (II), has declared that the subsidy regime in the Nigerian National Petroleum Corporation, NNPC, has compromised the company. According to him, only an angel may be able to run the corporation honestly. When asked if [...]

June 9, 2018 Power

Nigeria power generation to hit 100,000mw by 2030

The Energy Commission of Nigeria (ECN) on Monday predicted a growth of up to 100,000 megawatts electricity generation in the country by 2030. Prof. Eli Bala, the ECN’s Director-General, disclosed this in an interview with the News Agency of Nigeria [...]

March 19, 2018 Power

FG not paying subsidy, Nigerians bearing burden of revenue loss from NNPC – Adeosun

The minister of Finance, Kemi Adeosun, has revealed that the federal government is not paying subsidy to keep fuel price at N145, adding that there is under recovery on the part of the Nigerian National Petroleum Corporation (NNPC). Adeosun disclosed [...]

February 1, 2018 Power

Nigeria’s power sector about to collapse – IBEDC warns

The management of Ibadan Electricity Distribution Company, IBEDC, has warned that Nigeria’s power sector was on the brink of collapse. Speaking on the issues confronting the power sector, Managing Director/ Chief Executive Officer, CEO, IBEDC, Mr. John Donnachie, told newsmen [...]

January 30, 2018 Power
Power Supply Nigeria

BUSINESS 2018 ‘Expect Electricity Tariff Increase’

The chief executive officer of Benin Distribution Company, BEDC, Mrs. Funke Osibodu has said that electricity tariff increase is inevitable and Nigerians should expect an adjustment which will come at any time. The present tariff structure she argued is not [...]

January 12, 2018 General, Power

FG, firm sign power purchase agreement on 40mw

The Federal Government has signed Power Purchase Agreement (PPA) with Mabon Nigeria Limited, which is currently executing 40 megawatts hydro-power project. The government, represented by the Managing Director of the Nigeria Bulk Electricity Trading Plc (NBET), Dr. Marilyn Amobi, said [...]

November 27, 2017 Power
Metering: FG issues NERC new regulations

Metering: FG issues NERC new regulations

The Federal Government has directed the Nigerian Electricity Regulatory Commission, NERC, to put measures that would allow power consumers buy meters from approved vendors. It also directed that unmetered consumers should be allowed to pay the last undisputed bill provided [...]

November 17, 2017 Power
Kachikwu, Baru meet, agree on stronger oil sector regulation

NNPC Scandal: Kachikwu, Baru meet, agree on stronger oil sector regulation

NNPC Scandal: For a moment on Tuesday, the Minister of State for Petroleum Resources, Ibe Kachikwu, and the Group Managing Director, of the Nigerian National petroleum Corporation, NNPC, Maikanti Baru, appeared to set aside their differences to speak about ways [...]

October 11, 2017 Power
Blackout: Nigeria’s national grid collapses

Blackout: Nigeria’s national grid collapses

The Transmission Company of Nigeria (TCN) said a total  system collapse of the national  grid was recorded on Sept. 28 at 8:03 p.m., resulting in  temporary  loss of  electricity generation. A statement from TCN’s  management on Friday in Abuja said [...]

September 30, 2017 Power
Light Nigeria

Poor state of energy sector: FG’s economic recovery growth plan in danger

Plan requires 10,000 mw, but supply stands at 3,417mw •Limited facilities, vandalism, energy theft, funds, others affect operations •CBN’s N701bn NEMSF facility inadequate •Lack of cost reflective tariff delays $2.5bn World Bank facility   LAGOS  – There are strong indica- [...]

September 25, 2017 General, Power
Eko Disco to name culprits in media

Meter Bypass: Eko Disco to name culprits in media

Eko Disco to name culprits in media: The Eko Electricity Distribution Company Plc (EKEDCP) says it has launched “Operation Name and Shame’’ in its continued fight against energy theft within its area of operations. Mr Oladele Amoda, the Chief Executive [...]

September 17, 2017 Power
Electricity Nigeria

THE Federal Government has given State governments autonomy to produce own power so as to ensure improved power supply in the country.

It said this is because nothing in the Electricity Power Sector Reforms Act EPSRA deter States from doing such. Speaking at the 18th monthly power sector operators meeting on Monday at the Kumbotso transmission station, Kano State, the Minister of [...]

August 15, 2017 Power
Goodluck Jonathan

Jonathan denies squandering over N11trn on electricity

Former president, Goodluck Jonathan has reacted to the report that he was among the past Nigerian leaders who wasted over N11tn on electricity. The Socio-Economic Rights and Accountability Project, SERAP, had on Wednesday disclosed how over N11 trillion meant for [...]

August 10, 2017 Power
Nationwide Blackout Imminent As Power Generation Falls Below 3,000MW

Nationwide Blackout Imminent As Power Generation Falls Below 3,000MW

A nationwide blackout is imminent as Nigeria power generation has fallen below the 3,000 megawatts mark. Sadly, number of idle power plants increased to eight on Sunday from five on Friday.     Reports say the nation’s power grid lost [...]

July 25, 2017 Power
fashola electricity

Fashola begs Nigerians to be patient with APC government

Lagos – The Minister of Power, Works and Housing, Mr Babatunde Fashola, has said that the challenges of the power sector in Nigeria are manmade and not technical. Fashola, electric meter Fashola made the statement as a distinguished lecturer at [...]

July 14, 2017 Power
Consumers decry poor power supply in Awoyaya, Festac, others

Consumers decry poor power supply in Awoyaya, Festac, others

Electricity  consumers in Festac area in Amuwo Odofin, Local Government, Awoyaya area in Ibeju Lekki and other areas in Lagos State, have bemoaned the poor power supply to their communities in the last one month.   Electricity They complained that [...]

July 10, 2017 Power
Indonesian Firm Builds Refinery In Akwa Ibom

FDI: Indonesian Firm Builds Refinery In Akwa Ibom

The hope that Nigeria will begin to engage in local refining has been rekindled as an Indonesian firm, PT Intim Perkasa Nigeria Ltd, a subsidiary of PT Intim Perkasa, Indonesia, has indicated interest to build a refinery in Nigeria. Mr. [...]

June 22, 2017 Power
China To Support Nigeria Build Own Transformers

China To Support Nigeria Build Own Transformers

China To Support Nigeria Build Own Transformers – The power sector continues to be a vital component for development. Nigeria, known for its erratic power supply and unstable services, has sought the assistance of China to make transformation in that [...]

June 18, 2017 Power
Babatunde Fashola

‎10,000MW Still Achievable By 2019 – Fashola

The Minister of Power, Works and Housing, Babatunde Fashola, says the Nigerian government’s target of providing 10,000MW of electricity by 2019 is still achievable. ‎According to a statement by the power ministry, Mr. Fashola said this while fielding questions on [...]

June 4, 2017 Power
Poor Power Supply Persists

Poor Power Supply Persists Despite Rise In Supply To 3,578 MW

Power generation has risen from 3,161 megawatts, MW to 3,578 MW over the weekend as Electricity Generating Companies; GENCOs continue to increase generation after the recent system collapse. This showed 9,222MW below the nation’s 12, 800 estimated daily national demand, [...]

May 9, 2017 Power
Nigerian Engineer Invents Device That Can Supply The Entire Africa Uninterrupted Power Supply

“24 Hours Electricity Guaranteed” – Nigerian Engineer Invents Device That Can Supply The Entire Africa Uninterrupted Power Supply

A Nigerian engineer, Obayagbona Emmanuel Imafidon, has revealed that he has invented a power-generating device that can solve the problem power outage in the country. In an interview with Guardian, the graduate of Electrical Engineering from the Institute of Management [...]

April 4, 2017 Power
3 Month’s Dept Nationwide Blackout Looms As GENCOs Threaten To Shut Down

3 Month’s Dept Nationwide Blackout Looms As GENCOs Threaten To Shut Down

Electricity Generation Companies (GenCos) have not been paid for their services by the Nigeria Electricity Bulk Trader in the last three months. A source in the power sector told Sunday Vanguard in Abuja, at the weekend, that the situation of [...]

April 2, 2017 Power
Century Power To Complete 1,500mw Power Plant In 2020

Century Power To Complete 1,500mw Power Plant In 2020

Century Power, a subsidiary of the Obijackson Group, Thursday, said its 1,500 megawatts (MW) power generation plant would be completed by 2020 and would start making a contribution to the national grid. The company in a statement in Abuja, said [...]

March 25, 2017 Power
6 GENCOs Generated Zero Electricity In 1 Week

6 GENCOs Generated Zero Electricity In 1 Week

The challenges bedeviling the power sector appear worsening as the Transmission Company of Nigeria, TCN, through the daily operational report of the National Control Centre, NCC, yesterday, reported that six power generating companies, GENCOs, failed to generate power in seven [...]

March 24, 2017 Power
Military, MDAs Owe Power Companies N51 Billion

Military, MDAs Owe Power Companies N51 Billion

MDAs Owe Power Companies N51 billion – An audit report of debt by Federal Government ministries, departments and agencies (MDAs) to power distribution companies (DISCos) has revealed an indebtedness of N59.3 billion by top 100 customers, like defence, military and [...]

March 14, 2017 Power
National Electricity Regulatory Commission

Senate Rejects U.S. Based Professor As Electricity Commission Boss

The Senate has rejected the nomination of an American-based Nigerian professor, Akintunde Akinwande, as the head of the National Electricity Regulatory Commission. Mr. Akinwande was rejected for his failure to attend confirmation hearing. The decision was announced Tuesday. Other nominees [...]

January 11, 2017 Power
Northern Govs, General Electric Sign MOU For 5 Power Plants

Northern Govs, General Electric Sign MOU For 5 Power Plants

The Northern States Governors’ Forum and the General Electric ‎International, on Monday signed a memorandum of understanding, MOU, for the construction of five solar plants some parts of Northern Nigeria. The plants are expected to generate 500 megawatts of electricity. [...]

November 29, 2016 Power
Nigerians Should Not Expect Improved Power In Next 5 Years

Electricity Distribution Boss: Nigerians Should Not Expect Improved Power In Next 5 Years

The Managing Director of the Benin Electricity Distribution Company, Olufunke Osibodu, has urged Nigerians not to expect any improvement in the power sector in the next five years.     Speaking at the 11th Annual Founder’s Day event of the [...]

November 21, 2016 Power

US Firm: President Muhammadu Buhari Lied, We Are Investing $150m Not $2.2B In His Oct 1, Speech.

President Muhammadu Buhari‘s deliberate misleading speech on the Nigeria's 56th Independence anniversary is still generating ripples across the world, as a US multinational company, General Electric (GE) has disassociated themselves with the claim that they are planning to invest $2.2billion in [...]

October 4, 2016 Economy, Foreign relations, Government and politics, Oil & Gas, Power
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