Power

Nigeria’s GenCos release 4,426 MW of electricity to national grid

May 8, 2019

Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations in Nigeria released an average of 4,426 Mega Watts (MW) of electricity into the national grid on Tuesday, 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 Newsmen on Wednesday in…

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Consumers kick as power distribution firms collection rises to N438bn

May 8, 2019

The rise in the bill collection efficiency of electricity distribution companies to N438bn without a commensurate improvement in supply and metering has been criticised by consumers. In the latest report on the performance of Discos, it was observed that the power distributors posted a 21 per cent increase in their bill collection efficiency in 2018…

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Energy Commission partners Logine International on energy conservation across Nigeria

May 7, 2019

The promotion of energy efficiency is at the forefront as communities in Nassarawa were enlightened and made aware of various ways to conserve energy, as well as its environmental and health benefits to the community. The Energy Commission of Nigeria (ECN) has partnered, Logine International Limited to advocate energy conservation in public buildings, across the…

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Ibadan Discos raises alarm over vandals’ activities

May 6, 2019

The Chief Operating Officer of Ibadan Electricity Distribution Commission (IBEDC), Mr John Ayodele, has said activities of vandals tampering the Disco’s facility are preventing it from tending customers’ needs. He also condemned the building of houses, shops and relaxation spots under power lines, bypassing of meters by 70 per cent of Nigerians, saying that prosecuting…

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Meter providers strategize as operations begin

May 6, 2019

Peter Asset Providers (MAPs) approved by the Federal Government, to bridge the metering gap of 4.7 million are strategising to achieve the objective, it was learnt at the weekend. The firms, it was gathered, have sourced for local and international associations, with a view to understudying them and getting the required knowledge for the job.…

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Forte Oil enters SPAs for power and upstream businesses with two firms

May 6, 2019

Forte Oil Plc has entered into share sale and purchase agreements to sell its power and upstream businesses in continuation of complicated divestment programme involving its major shareholder and Chairman, Mr. Femi Otedola. In a regulatory filing at the Nigerian Stock Exchange (NSE) at the weekend, Forte Oil stated that it has entered into share…

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Nigeria’s power sector loses over N46b as electricity supply deteriorates

May 4, 2019

With average energy enjoyed by electricity consumers dropping to 4,002 megawatts last month, the nation’s power sector lost a total of N46.01 billion revenue due to constraints which included shortage of gas; grid unreliability and distribution limitations. Indeed, gas supply needed to boost generation dropped to 19,442 million standard cubic feet (mmscf) in April, as…

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Nigerian manufacturers view erratic power supply as biggest challenge

May 3, 2019

Manufacturers in Nigeria have expressed lack of confidence in the power sector. This was revealed by the Manufacturers CEOs Confidence Index for the first quarter of 2019. The Manufacturers CEOs Confidence Index is a quarterly survey conducted by the Manufacturers Association of Nigeria to measure the pulse of the manufacturing sector. While presenting the report…

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Egbin Power laments gas shortages, aims to generate 1,320Mw

May 3, 2019

The nation’s biggest power station, Egbin Power Plc, has said the lack of adequate gas is putting a damper on its plan to generate 1,320 megawatts of power from its turbines. Egbin power plant has been generating far less than its installed capacity of 1,320MW in recent months. It produced as high as 1,085MW on…

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NERC, Discos set to meet, review third party meter rollout

May 3, 2019

The Nigerian Electricity Regulatory Commission (NERC) will next week in Lagos meet with the 11 electricity distribution companies (Discos) in Nigeria’s power sector to assess the take-off and implementation of the third-party meter deployment scheme, Meter Asset Providers (MAPs), initiated by the regulatory agency, THISDAY has learnt. However, as the date for the MAPs to…

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