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Sunday, July 5, 2020

Nigeria records 4,159mw stranded electricity as GenCos seek TCN unbundling

Electricity Generation Companies (GenCos ) have said although they have increased their generation capacity to 8,145Mega Watts (Mw) in 2020, they only produce 3,987mw for Nigeria. Owing to constraints in the national grid capacity, 4,159mw has been left stranded. Tbe GenCos under the...

UPDATED: Nigeria’s Buhari approves funding for 25,000MW Siemens power project

Nigeria President Muhammadu Buhari has kicked off the next phase of a deal with Siemens AG to upgrade the nation’s dilapidated power infrastructure. The government of Africa’s largest economy and the German engineering firm signed an agreement last July to rehabilitate and then expand the...

Why Mambilla Power Project Won’t Benefit From $311m Abacha Loot, Says Garba Shehu

The Presidency says it acted in error by adding the Mambilla project among those to benefit from the $311m loot by late former Head of State, General Sani Abacha, which was recently returned to Nigeria from the United States and the Bailiwick of Jersey. Garba...

Nigeria sovereign wealth fund seeks investors interest for 10 MW solar park

Nigerian government has issued an expression of interest (EOI) to pre-qualify developers interested in building a 10 MW solar plant in the Kumbotso Local Government Area, Kano State, in northern Nigeria. The calls which was made by Nigeria Sovereign Investment Authority (NSIA), an entity that...

FG seeks to boost electricity supply in Northern states with NSP Gurara30 MW concession agreement

The Federal Government on Tuesday signed a concession agreement for the Gurara 30 megawatts hydropower plant with North-South Power Company Limited. The Minister of Water Resources, Suleiman Adamu, stated that following the agreement, all was now set to put the hydropower plant into sustainable operation...

Review Power Sector Privatisation Process, Electricity Workers Begs FG

coalition of unions of electricity workers in Abuja has called for the immediate review of the privatisation process of the sector. The group comprises members of the National Union of Electricity Employees (NUEE) and the Senior Staff Association of Electricity and Allied Companies in the...

DisCos, FG agree on 2 months free electricity for Nigerians during lockdown

The Electricity Distribution Companies (DisCos) on Wednesday said they have aligned with the federal government to provide a two-month rebate of free electricity to their customers nationwide. In a statement by the Executive Director, Research and Advocacy at the Association of Nigeiarian Electricity Distributors (ANED),...

Reps plan stimulus bill for free electricity supply to Nigerians

The House of Representatives is to consider a fresh Stimulus Bill that will ensure that Nigerians get free electricity supply for two months. This was contained in a statement on Saturday by Lanre Lasisi, the speaker’s spokesperson. The house had, last week, passed a bill seeking...

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...
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