Power

GE partners Century Power to deliver 1,500 Mw

May 14, 2014

General Electric (GE) has  has entered into partnership with Century Power, a leading independent power producer to build a 1,500 megawatt (Mw) gas-fired power plant in Okija, Anambra State. The project will be completed in phases with the first phase delivering 500 Mw by 2017. President/Chief Executive Officer (CEO), GE Nigeria, Dr Lazarus Angbazo, said…

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Electricity distribution companies defy NERC on estimated bills

May 13, 2014

Despite a recent warning by the Nigerian Electricity Regulatory Commission (NERC) that meters must be read and electricity customers charged accordingly, the electricity distribution companies have continued to slam over-estimated bills on consumers, THISDAY’s investigation has revealed. Following public outcry on the fixed charges on electricity bills, which had prompted protests by consumers in some…

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Deadline for payment of Kaduna, Afam power assets expires

May 12, 2014

The deadline set by the Federal Government for preferred bidders of Kaduna Electricity Distribution Company (DISCO) and Afam Generation Company (Genco) to pay the  75 per cent of the bid price of the assets expired yesterday. According to sources at the agencies responsible for privatisation of public owned assets, who spoke to The Nation, said…

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Power Sector: Nigeria is Not Out of the Darkness Yet

May 11, 2014

For Nigerians to begin to see the benefits of the reforms in the power sector, a significant investment of about N11.2 trillion ($70 billion) is to be made in the sector, while constant gas supply to the power plants scattered across the country should be guaranteed. This is the view of stakeholders in the power…

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Ajaokuta Steel signs N4.8bn MoU to reactivate thermal power plant

May 11, 2014

Ajaokuta Steel Company Limited (ASCL) has signed a Memorandum of Understanding with the 3D-High Tech Systems Limited for the reactivation of its 110 megawatts thermal power plant. Signing the MoU at the weekend, the Sole Administrator of ASCL, Engr Joseph Onobere, said the aim of the agreement was to generate energy for operation of the…

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Benefits of power reform will come in one year – Okonjo-Iweala

May 11, 2014

The Finance Minister, Dr. Ngozi Okonjo-Iweala has disclosed that the results of the current power sector reform “will take a year or may be a year and half for people to see the real benefits.” She made this declaration over the weekend at the World Economic Forum on Africa in Abuja. However, she noted that…

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FG to improve power transmission with $3.7bn

May 9, 2014

The Federal Government plans to spend $3.7bn to upgrade the nation’s power transmission infrastructure. Vice President Namadi Sambo disclosed this on Thursday while granting audience to the management of Genesis Electricity Consortium led by a Nigerian businessman, Mr. Arthur Eze, at the Presidential Villa, Abuja. Most of the members of the consortium are attending the…

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Development partners to inject $2bn into Nigeria’s power sector

May 9, 2014

Development partners across the world are to inject about $2 billion into Nigeria‘s power sector in the next few years, the Country Representative of the  United Nations Industrial Development Organisation (UNIDO), Dr. Patrick Kormawa, has disclosed. The disclosure came as the Minister of Power, Prof. Chinedu Nebo, said federal government’s target was to achieve 75…

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Abuja Disco overhauls staff, to fix damaged power lines

May 7, 2014

The management of Abuja Electricity Distribution Company (AEDC) has confirmed the appointment of about 183 staff in its headquarters in Abuja city centre, assuring that it will quickly fix faults along its power lines. The appointment of the 183 staff was conveyed in a circular seen by Daily Trust on Tuesday at its headquarters, while…

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Technical hitches delay commissioning of Geometric Power station

May 7, 2014

Technical issues arising from the different design of gas pipelines of Geometric and Shell Nigeria have been identified as a major reason delaying the commissioning of Geometric Power Station, seven months after completion of a gas pipeline, investigation by Daily Independent has showed. The Independent Power Project (IPP) located in Aba, the commercial hub of…

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