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Friday, June 5, 2020

UPDATED: Why plan to increase electricity tariff was suspended until further notice- NERC

The Nigerian Electricity Regulatory Commission (NERC) has backed down on its earlier plan to raise electricity tariffs effective April 1 this year. In a directive issued on Tuesday titled: “Order on the Transition to Cost Reflective Tariffs in NESI,” the commission announced its decision not...

Justify your proposal for electricity tariff hike with stable power supply, NERC tells DISCOs

Electricity tariffs will not be increased unless distribution companies (DisCos) “improve quality of supply, meter consumers and agree with consumers on rates,” the power minister, Sale Mamman, has said. Mr Mamman was reacting to an announcement by the Nigerian Electricity Regulatory Commission (NERC) that tariff...

Nigeria’s electricity generation down 5.52% in Q3’19 as Analysts seek overhaul of power privatization sector

as GenCos fail to generate 3,568 megawatts due to gas shortage Total electric energy generated in the third quarter of 2019 (Q3’19) dropped by 5.52 percent from the second quarter (Q2’19) despite increase in available generation units because of persistent infrastructural challenges confronting the power...

Reps to probe failure of FG’s N3.4 billion Solar powered grid project

The House of Representatives has resolved to investigate the failure of the Federal Government’s N3.4 billion solar powered Grid Project in the six Geo-Political Zones and the Federal Capital Territory (FCT). It mandated the Committee on Power to investigate the abandonment of the projects by...

AfDB invests $200 million into electricity development in Nigeria

On Monday, the African Development Bank (AFDB) announced plans to invest $200 million through the Rural Electrification Agency (REA) to boost power supply in Nigeria. This announcement was made by the Bank’s Acting VP for Power, Energy, Climate and Green Growth Complex, Wale Shonibare,...

Senate introduce bill to ban importation of power generators

The senator representing Niger South, Bima Enagi, has introduced a bill that seeks to ban the importation of generators in Nigeria. The bill, titled “a bill for an Act to prohibit/ban the importation of generating sets to curb the menace of environmental (air) pollution and...

FG’s 330kv/132kv transmission station to improve North West’s electricity access

The Federal Government is currently constructing a new 330kv/132kv substation in Daura, Katsina State as part of its plan to strengthen and boost power supply to the North West region of the country. Speaking during a courtesy visit to the Emir of Daura, the Minister...

Hope for 40% residents in constant power outage as Nigeria settles legal despite to build 3,050MWs hydropower plant

Mambilla plant would increase capacity by 3,050 megawatts At least 40% of Nigerians have no access to regular power Nigeria will build the second-largest hydroelectric plant in Africa after the government settled a legal dispute that was delaying the project, Power Minister Sale Mamman said. “We have...

Despite failure to deliver constant power supply, cabal discos vow resistance to Siemens’ alleged take-over

Ejiofor Alike Electricity distribution companies (Discos) have vowed to resist any attempt to hand over their distribution assets to German engineering conglomerate, Siemens. Reacting to Wednesday’s threat by the federal government to cede the electricity value chain to the German company, the Discos, under the auspices...

Nigeria seeks Review of Power Assets Sale to Investors After Supply Fails to Improve Output

Nigeria will review the sale of power assets to private investors after they have been unable to improve power supply in Africa’s most populous country. The buyers of the assets are making technical and commercial losses and only distribute a fraction of existing capacity to...