Power

Ikeja Electric begins meter rollout for UNILAG estate

Jul 9, 2019

Residents of the University of Lagos Estate in Isheri, Lagos, at the weekend urged Ikeja Electric (IE) to improve on its service in terms of power supply, while commending it for the installation of meters in the estate, under the Meter Asset Provider scheme (MAP). Chairman of the Community Development Association (CDA), Alhaji Bashir Momodu,…

Read More

Power customers to pay for leaving Discos networks

Jul 9, 2019

The Competition Transition Charge (CTC) is a new rule to make prospective Eligible Customers (EC) and other consumer class, compensate the 11 electricity Distribution Companies (DisCos) for leaving their networks to buy power directly from Generation Companies (GenCos). Daily Trust analyses this rule as contained in Section 28 of the Electric Power Sector Reform Act…

Read More

Absence of cabinet delays sale of Afam, Yola power firms

Jul 9, 2019

The failure of President Muhammadu Buhari to constitute the Federal Executive Council is stalling the conclusion of the sale of Afam Power Plc and the Yola Electricity Distribution Company, an investigation has shown. Members of the National Council on Privatisation which has the statutory role to approve the sale of the companies whose technical and…

Read More

Faulty TCN 132KV lines, remote cause for power outage in Yenagoa – PHED

Jul 8, 2019

The Customers of Port Harcourt Electricity Distribution Company, PHED., in Yenagoa, the Bayelsa state capital are presently experiencing forced power outage. The outage was caused by a faulty 132kv Owerri-Yeangoa lines belonging to Transmission Company of Nigeria, TCN. The unfortunate incident occurred on the eve of Friday, 5th July 2019. However, TCN technical crew has…

Read More

Nigerian court orders release of details of electricity supply contracts

Jul 8, 2019

As Nigerians continue to witness relapse in electricity supply, running to as low as 3,000 megawatts against the required 40,000 megawatts, the Federal High Court, Lagos has ordered the release of details of payments to runaway electricity contractors. The landmark judgment also came at a time that President Muhammadu Buhari had questioned the whereabouts of…

Read More

BPE, former NERC chairman clash over power sector privatization, reforms

Jul 8, 2019

The Bureau of Public Enterprises and a former chairman of the Nigerian Electricity Regulatory Commission, Sam Amadi, have clashed over the perceived poor performance of the power sector despite its privatisation and numerous reforms. In 2013, the former Power Holding Company of Nigeria (PHCN) was unbundled into 11 electricity distribution companies (DISCos), six generating companies…

Read More

TCN, Phase 3 contract feud threatens Nigeria’s power grid

Jul 8, 2019

The termination of a 15-year-old year concession agreement entered into between the Transmission Company of Nigeria (TCN) and Phase 3 Telecom Limited which has put the two organizations on collision course is impacting negatively on the stability of the national grid, Daily Trust on Sunday reports. The Transmission Company of Nigeria (TCN) is successor of…

Read More

4 Discos grow revenue by N49.6bn as USAID intervenes

Jul 8, 2019

Four power distribution companies in the country grew their revenue by $162m (N49.57bn at the official exchange rate of N306 to a dollar) after the intervention of the United States Agency for International Development through the Power Africa Transactions and Reform Project. It was gathered that the United States agency’s support to the four Discos…

Read More

Regulatory issues frustrate 600km Okija power project

Jul 8, 2019

Poor government regulation, it was learnt at the weekend, has stalled the take off of $600 million gas power project of Century Power Generation Limited in Okija, Anambra State. The firm is a subsidiary of Nestoil Group, a local conglomerate, with interest in oil, gas and power, among others. In a telephone interview, its Chief…

Read More

NERC assures MAP scheme will help Discos close metering gap

Jul 5, 2019

The Nigerian Electricity Regulatory Commission (NERC), has said that power distribution companies (DISCOs) in Nigeria were not able to provide meters. Prof. James Momoh, the Chairman of NERC, who disclosed this in Abuja, however, maintained that it was the responsibility of the power firms to meter their customers He said: “Now we have investors, who…

Read More

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...