Power

NERC worries over Discos’ poor remittance in Q2 2018

Dec 13, 2018

The poor remittance by electricity distribution companies to the Nigerian Bulk Electricity Trading Plc for the energy sold to them has become a serious concern for the regulator of the power sector. The government-owned NBET buys electricity in bulk from generation companies through Power Purchase Agreements and sells to the Discos, which then supply to…

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TCN to remove non-compliant Gencos from grid to prevent system collapse

Dec 13, 2018

To avert system collapse, electricity generation companies that fail to comply with the stipulated frequency control that ensures stability of the power grid will be removed from the grid, the Transmission Company of Nigeria has declared. According to TCN, the failure of some power generators to stick to the prescribed frequency control was contributory to…

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Fashola says Nigerians should blame private firms for poor electricity not FG

Dec 13, 2018

The Minister of Power, Works and Housing, Babatunde Fashola has told Nigerians to blame businessmen who operate the power sector for poor power supply in the country. He argued that the federal government had already privatised the sector. Fashola, who spoke Wednesday night at the December edition of Nextier Power Dialogue in Abuja, drew an…

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Electricity theft offenders risk 7 year jail term in new Bill

Dec 13, 2018

If the Bill seeking for an Act to prohibit and prevent electricity theft sails through, convicted offenders risk a jail term of seven years. The Bill entitled “A Bill for an Act to prohibit and prevent electricity theft, power infrastructure vandalisation and power company protection 2017,” was submitted to the Senate Committee on Power, Steel…

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Fashola denies saying Nigeria’s power sector could be fixed in 6 months

Dec 13, 2018

The Minister of Power, Works and Housing, Babatunde Fashola, has denied claims that he once said a serious government would fix power problems within six months. Fashola denied the claim at the Nextier Power Dialogue on Wednesday night in Abuja, while responding to questions that he once said a serious government would fix power sector…

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Nigeria’s DisCos must recapitalise – TCN boss

Dec 13, 2018

The efforts of the federal government in ensuring grid stability might amount to nothing if power distributors failed to adequately invest in distribution assets by recapitalising, the Managing Director of Transmission Company of Nigeria (TCN), Usman Mohammed has said. He said: “All these things that we are doing by trying to make the grid stable,…

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S. East Development Corp. plans power plants, gas pipelines in S. East region

Dec 13, 2018

The South-East Regional Economic Development Corporation is set to develop power plants, gas pipelines and other projects in the region. SEREDEC also said it was working to build railways and healthcare facilities in the five states. Aside from facilitating the development of infrastructure in the region, it said it was also sourcing for funds to…

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Reps kick against Afam Power Plc sale as scrap

Dec 13, 2018

The House of Representatives has opposed the alleged plan by the Federal Government to sell Afam Power Generation Company as a dilapidated asset. Asking that the process of the company’s privatisation be reversed, the lower chamber of the National Assembly warned that sale of the firm would be counterproductive. The House passed a resolution on…

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TCN targets 20,000MW by 2021 – MD

Dec 12, 2018

The Transmission Company of Nigeria (TCN) is working toward achieving a transmission capacity of 20,000 Megawatts (MW) by 2021, its Managing Director, Mr. Usman Mohammed, has said. Mohammed, who briefed State House correspondents on Monday at the Presidential Villa, said that the capacity of transmission was a combination of the capacity of the transformers and…

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Fashola blames previous administration for electricity challenges in rural areas

Dec 12, 2018

The Minister of Power, Works and Housing, Babatunde Fashola has blamed the past administration for the electricity challenges witnessed in some parts of the country. The Minister said the past administration delayed the implementation of the Strategic Rural Electrification Plan (SREP) for ten years thereby making it difficult for some rural communities to enjoy power…

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