Power

Mainstream Energy says it loses N1.8bn annually to stranded power

Apr 9, 2019

Mainstream Energy Solutions Limited, operators of Kainji Dam and Jebba Hydro Power plants has said it losses an estimated N900 million monthly due to stranded power occasioned by load rejection by the National Control Centre, (NCC) . Mainstream Energy also urged the Nigerian Electricity Regulatory Commission (NERC) to fast track the implementation of the Eligible…

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FG to invest N72bn in Discos – Fashola

Apr 9, 2019

The Federal Government is to invest about N72 into the operations of the 11 Electricity Distribution Companies (Discos). The intervention, according to the Minister of Power Works and Housing, Mr. Babatunde Fashola, who was a guest on Channels Television’sprogramme Sunrise Daily, explained that the move was aimed at boosting power supply through the installation of transformers,…

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Nigeria sees generated electricity drop to 3,522MW

Apr 8, 2019

Electricity Generation Companies (GenCos) say they released 3,522 megawatts of electricity into the national grid on April 7. GenCos made this known in their daily energy report released on Monday. They said the electricity released by the GenCos, comprising gas-fired and hydro stations, was down by 657.07 megawatts from the figure released on Saturday. They…

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Enugu Disco begins upgrade of injection sub-stations in Enugu, Awka

Apr 8, 2019

Enugu Electricity Distribution Company (EEDC) has commenced upgrade of its Agu-Awka Injection Sub-station from 7.5MVA to 15MVA capacity, having taken delivery of a brand new 15MVA power transformer. “This is coming in less than 24 hours after upgrade of Ebeano Tunnel Injection Sub-station in Enugu from 7.5MVA to 15MVA capacity was completed,’’ Head of Communications,…

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Hoodlums vandalize Ibadan Disco’s power equipment

Apr 8, 2019

Hoodlums have invaded the Ibadan Electricity Distribution Company (IBEDC) in Ilesha, Osun State, carted away cash and destroyed equipment worth over N360 million. They also injured some workers. According to the DisCo, the losses were worth N240 million and that by the time its personnel were allowed to access the offices and facilities, which were…

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NERC to begin mass metering under MAP scheme by May 1st

Apr 6, 2019

The Nigerian Electricity Regulatory Commission (NERC) says it will begin mass metering for electricity consumers by May 1. Usman Arabi, NERC General Manager for Public Affairs, said in a statement that the metering will be executed under the Meter Asset Providers(MAP) programme of the federal government. “The commission issued permits to MAPs on April 5,…

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Power DisCos weighed down by N778.7bn debt to NBET

Apr 6, 2019

The 11 electricity distribution companies (Discos) in Nigeria are heavily indebted to the Nigerian Bulk Electricity Trading Plc (NBET) to the tune of N778.7 billion, THISDAY learnt Wednesday, raising fears that the high debt burden might worsen its abysmal failure to power the country efficiently. The Discos were sold electricity worth N1.08 trillion between January…

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House of Reps laments liquidity crisis in Nigeria’s electricity market.

Apr 5, 2019

The Chairman, House of Representatives Committee on Power, Steel Development and Metallurgy, Mr. Daniel Asuquo has lamented the deepening liquidity crisis in the nation’s electricity market, just as the Committee pledged to support all participants in the electricity market to attain their full potentials. Representative Asuquo made the lamentations in Kaduna today when he led…

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APGC boss says rising stranded capacity means TCN, Discos lack capabilities

Apr 5, 2019

At a time the Minister of Power, Works and Housing, Mr. Babatunde Fashola is forcing Nigerians to believe that 24 hours electricity supply is live, the Executive Secretary, Association of Power Generation Companies (APGC), Dr Joy Ogaji, has opened up on why epileptic supplies are happening. In an interview, she called on the Federal Government…

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Electricity consumers in limbo as metering initiative suffers delay

Apr 4, 2019

One year after the introduction of the Meter Asset Provider initiative by the Nigerian Electricity Regulatory Commission, consumers are still awaiting a massive roll-out of meters, ’FEMI  ASU reports The Meter Asset Provider Regulation was unveiled in March last year, with the aim of fast-tracking the roll-out of meters through the engagement of third-party investors for the…

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