Power

TCN gets $1.6bn from multilateral donors to boost Nigeria’s power supply

Jul 11, 2019

The Transmission Company of Nigeria (TCN) says it has received 1.661 billion dollars from multi-lateral donors to boost power supply in the country. Mr Usman Mohammed, the Managing Director of TCN, made this known at the organisation’s quarterly news conference in Abuja on Thursday. Mohammed said that TCN had raised significant amount to reinforce the…

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Power transmission, distribution hamper Nigeria’s gas sector development – Chevron

Jul 11, 2019

Indications have emerged that inability of the country’s power generation companies (GenCos) and distribution companies (DisCos) to keep the circular flow of energy to the end users hamper gas sector development. General Manager, Downstream Gas, Chevron Nigeria/Mid Africa, James Okereke, said that an enabling commercial framework, globally competitive fiscals, strong vital infrastructure and reliable operations,…

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Nigeria’s power supply dropped by 31% in Q2 – Report

Jul 11, 2019

Power supply to Nigerian households experienced a marginal decline to stand at 31 percent in the second quarter of 2019 from 37 percent obtained in the first quarter of 2019. This was revealed in the new Power Poll released by NOIPolls, yesterday, in Abuja. “This decline may be attributed to the continuous breakdown of the…

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Nigeria’s electricity grid collapses 100 times in six years

Jul 11, 2019

Nigeria’s power grid has collapsed 100 times in the last six years, a development which has resulted in total national blackout, it was gathered yesterday. The period covers between 2013 and 2019, marking a six-year period. Also, the nation’s grid collapsed nine times, with the last one on June 30, 2019. Distribution companies (DisCos) and…

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Nigeria’s power crisis may limit its potential gains from Africa free trade pact – Gencos

Jul 11, 2019

Nigeria may not benefit much from the recently signed African Continental Free Trade Area agreement until the country’s power problems are adequately addressed, power generation companies said on Wednesday. On Sunday, President Muhammadu joined other heads of government of the African Union in Niamey, Niger Republic, to sign the AfCFTA agreement. But electricity firms under…

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Nigeria’s power supply worsens despite N5tn investments

Jul 11, 2019

The power situation in Nigeria has continued to worsen over the years despite the substantial investments in the sector by past and present administrations in the country, a new report has said. NOIPolls Limited said in its ‘Power Poll Q2 2019 Report’ released on Wednesday that the quarterly average cumulative hours of power supply dropped…

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Nigeria’s power distributors owe service providers N263bn

Jul 10, 2019

Power distribution companies owe service providers, including the Transmission Company of Nigeria, a total of N263bn, our correspondent has learnt. The service providers in the power sector are the Nigerian Electricity Regulatory Commission, the Nigerian Bulk Electricity Trading Plc, the Transmission Service Provider, the System Operator and the Market Operator. The TSP, SO and MO…

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Jubaili Bros unveils solar PV-diesel hybrid system

Jul 10, 2019

To reduce operating costs of industrial firms and level of carbon emission in the country, Jubaili Bros (Engineering) Limited, a diesel generator manufacturer and seller, has concluded plans to introduce PV-Diesel Gensets Hybrid System into the Nigerian market. According to the firm, the new solution, which represents a combination of renewable energy with traditional diesel…

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Sahara Power mulls expansion into sub-Saharan Africa’s power sector

Jul 10, 2019

Sahara Power Group’s Managing Director, Kola Adesina has said the company will continue to implement expansion plans through investment in diverse energy mix and partnerships to enhance the capacity of the power sector to meet anticipated energy demand growth in Sub Sahara Africa (SSA). Adesina who spoke at the Oil and Gas Council’s Africa Assembly…

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Nigeria has no hope for stable power supply any time soon – Abuja Disco

Jul 9, 2019

Abuja Electricity Distribution Company, Abuja DISCO, weekend warned that it would take longer time for Nigerians to think of stable power supply as distribution companies, across the country were still battling with the obsolete equipment it inherited from the defunct former Power Holding Company of Nigeria, PHCN. Power Supply: Some FCT communities to experience load…

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