Power

‘Removing TCN boss may stall $1.66bn transmission projects’ – NPCF

May 29, 2020

The Nigerian Power Consumers Forum (NPCF) has said removing the Managing Director of the Transmission Company of Nigeria (TCN), Usman Gur Mohammed, may stall the $1.661 billion multilateral agencies-funded projects targeted at expanding bulk power transmission to 20,000 megawatts (MW). A statement issued by the General Secretary of NPCF, Michael Okoh said the arbitrary removal…

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Nigeria needs urgent diversification – Century Power boss

May 29, 2020

CEO of a power generating company, Century Power Generation Ltd, Dr. Chukwueloka Umeh has stated with the global plunge in oil prices, there is no better time for the Federal Government to take definitive and courageous steps towards diversifying the economy. Speaking during an online interactive session with the media, Umeh said it was still…

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Power Discos sue FG over business interference

May 29, 2020

Electricity distribution companies have dragged the Federal Government to court to restrain it from further interfering in the corporate business activities of the power firms. According to the firms, the government, through the Nigerian Electricity Regulatory Commission and other agencies, had been interfering in the corporate activities of the Discos, a development, they claimed, had…

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Presidency orders MDAs to conclude power contracts with Siemens

May 28, 2020

Nigeria’s fledgling power sector reforms got a boast on Wednesday with President Muhammadu Buhari’s directives to the relevant government agencies, including the Ministries of Finance, Budget and National Planning, Power and the Bureau of Public Enterprises to conclude arrangements with German power giants Siemens AG. Nigeria and Siemens had last year signed a power sector…

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Nasarawa looks to complete abandoned N5.4bn power plant

May 28, 2020

The Nasarawa State Governor, Abdullahi Sule, has said his administration will complete the ex-Governor Abdullahi Adamu’s abandoned N5.4bn Farin-Ruwa Independent Power Plant in the state. Adamu, who was the first civilian governor of the state, now Senator representing Nasarawa West at the National Assembly, awarded the project in 2004. Sule spoke on Wednesday after inspecting…

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Omotosho, Olorunsogo Gencos threaten NBET with suit in London Court

May 26, 2020

Omotosho Power Generation Company in Okitipupa Local Government Area of Ondo State and Olorunsogo Power Station in Ogun State have threatened to sue the Nigerian Bulk Electricity Trading Plc (NBET) in the London Court of International Arbitration following a dispute over N13.2 billion Power Purchase Agreement (PPA), THISDAY has learnt. NBET was accused of mismanaging…

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CCTEC-Ossiomo 55MW power plant set for test run in Edo

May 26, 2020

The CCTEC-Ossiomo Power Plant, with a capacity of 55 megawatts, is set for test run in the next couple of weeks following the completion of the installation of 33KVA lines and a substation at the Edo State Secretariat complex. The Edo State Government said in a statement on Monday that the development would open up…

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Mainstream Energy says it lost N17bn due to national grid ramp down

May 26, 2020

The Chairman, Board Of Directors of Mainstream Energy Solutions Limited (MESL), Colonel Sani Bello (Rtd), said his company has lost over N17billion due to ramp down of en­ergy put on the national grid which was not taken by National Control Centre (NCC), since privatisation. The National Control Centre (NCC), is responsible for all Trans­mission Company…

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Ten power plants idle as generation sinks to 2,627MW

May 26, 2020

The number of the nation’s power plants sitting idle increased by three on Monday to 10, prompting generation to tumble below 3,000 megawatts. Total power generation in the country fell to 2,626.9MW as of 6am on Monday from 3,738MW the previous day, according to the Nigerian Electricity System Operator. Twenty-two power plants generated 3862.8MW as…

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Nigeria’s power infrastructure set for urgent makeover as Buhari orders payment to Siemens

May 25, 2020

Nigeria’s power distribution infrastructure is getting a major makeover as President Muhammadu Buhari has directed the Ministry of Finance to release to Siemens AG its share of funding in the power deal agreed last year. According to an April 28, letter from the office of the Ministry of Finance, Budget and Planning to the Ministry…

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