Power

NERC faults Discos’ estimated billing methodology

Mar 18, 2019

Electricity distribution companies have not effectively implemented the methodology for estimated billing issued by the Nigerian Electricity Regulatory Commission, the regulator has said. The Chairman/Chief Executive Officer, NERC, Prof James Momoh, who described the methodology as a scientific method to estimate electricity consumption, said it was aimed at bringing fairness to customers who had no…

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Nigerian SMEs still buckling under electricity pressures

Mar 18, 2019

Cost and time spent on acquiring electricity were also higher in the Less Developed Countries compared with that of High-Income Countries. However, this study is examining the effect of electricity on the performance of SMEs in Nigeria. The effect of electricity power outage on SMEs in Nigeria posited that, the current electricity crises in the…

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Indian firm FEDCO makes entry into Nigeria’s power sector

Mar 18, 2019

Feedback Energy Distribution Company (FEDCO), an Indian-based technology firm, says it has launched an indigenous high-tech Information Technology (IT) solutions system in Nigeria. Dilip Kumar, its Chief Projects Officer, announced the company’s entry into the nation’s power sector in a statement made available to the News Agency of Nigeria (NAN) in Port Harcourt on Sunday.…

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Nigeria requires 180,00MW to drive economic growth – Stakeholders

Mar 18, 2019

About 180,000 megawatts (Mw) of electricity is needed over the next 10 years to drive real and sustainable economic growth, power sector’s stakeholders said at the weekend. They spoke against the backdrop of the attainment of 4,438Mw of electricity last week, which they said was inadequate to power a typical industrial plant in China. The…

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BPE receives 5 bids for Yola Disco, Afam Genco

Mar 18, 2019

The Bureau of Public Enterprises (BPE) has received five bids and proposals for the acquisition of the Yola Electricity Distribution Company (YEDC) and Afam Electricity Generation Company (Afam Power Plc & Afam Three Fast Power Limited) by prospective core-investors. QuestElectricity Nigeria Limited and Sandstream Nigeria submitted proposals to acquire the Yola Disco while DiamondStripes Consortium,…

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TCN procures power reactors for Jos, 2 other 330KV substations

Mar 17, 2019

The Transmission Company of Nigeria (TCN) yesterday said it has procured three reactors, which have been deployed to Jos, Ikot Ekpene and Apir Transmission Substations for installation. The reactors, according to TCN, are to help correct the voltage problem along the 330kV Ikot Ekpene- Ugwuaji-Makurdi- Jos Transmission Line axis. The general manager, (Public Affairs) Ndidi…

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Gencos release 4,197 MW of electricity to Nigeria’s grid

Mar 17, 2019

Gas-fired and hydro electricity generating stations in Nigeria released an average of 4,197 megawatts of electricity into the national grid on Saturday, a daily energy report has said. The report, which was compiled by the Advisory Power Team, Office of the Vice President, was made available to News Agency of Nigeria (NAN) on Sunday in…

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Seven companies jostle for NERC’s captive power supply bids

Mar 15, 2019

Seven firms have joined the race to secure the nod of the Nigerian Electricity Regulatory Commission (NERC) for the supply of captive power in Nigeria. One of the seven applications, New Telegraph gathered, was submitted by Nnewi Independent Electricity Distribution Nigeria Limited (NIEDNL). The NERC, which recently issued six new licences, renewed three and extended…

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Nigeria’s power sector suffers more setbacks

Mar 15, 2019

Gas Supply, distribution and transmission facilities continue to plague the availability of electricity to many households in the country, leading to about N86 billion loss of revenue to the power sector in the first two months of 2019. Available statistic reveals that financial, operational, construction, market, macroeconomic, contract and regulatory risks, also add to the…

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GENCOs release 4,114 MW of power to Nigeria’s grid

Mar 12, 2019

Electricity generating companies in Nigeria released an average of 4,114 megawatts of power into the national grid on Monday, a daily energy report has said. The report, which was compiled by the Advisory Power Team, Office of the Vice President, was made available to News Agency of Nigeria (NAN) on Tuesday in Abuja. It stated…

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