Power

15 investors to fund power plant with $1bn

Mar 4, 2014

The Federal Government on Monday secured a fresh investment of $1bn (about N160bn) from 15 investors to finance the Azura-Edo Independent Power Project. The Minister of Finance, Dr. Ngozi Okonjo-Iweala, said at a meeting with key global investors in Abuja that Azura Power Holdings Limited would work with other international investors and financiers to invest…

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Power generation may exceed 4,000MW in June

Mar 4, 2014

There are indications that power generation in Nigeria may exceed 4,000 megawatts by June, sequel to the six-month ultimatum given by President Goodluck Jonathan to the Ministry of Power to ensure efficient generation, transmission and distribution of electricity across the country.As it is, the target may be exceeded because the nation’s four hydro power stations,…

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Ibadan Disco decries illegal connections by customers

Mar 4, 2014

The Ibadan Electricity Distribution Company (IBEDC) has decried the increasing cases of illegal connections to its network by customers, saying the menace is a major challenge to its operations. Speaking on the recent arrest of two men – a welder and a battery charger – who engaged in the illegal usage of electricity for almost…

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NERC moves to tackle electricity consumers’ complaints

Mar 4, 2014

The Nigerian Electricity Regulatory Commission (NERC) has inaugurated the Eko Electricity Distribution Company (EKEDC) forum office to protect vulnerable electricity consumers from exploitation by service providers. Speaking during the inauguration at the weekend, the Chairman of NERC, Dr Sam Amadi said the office was the second level of appeal in the chain of consumer complaints.…

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Bid opening for NIPPs set for Friday

Mar 4, 2014

The National Council on Privatisation (NCP) and the governing board of the Niger Delta Power Holding Company (NDPHC) have approved Friday this week for the opening of the financial bids of the 42 pre-qualified bidders contesting to acquire 80 per cent equity in the 10 National Integrated Power Projects (NIPP) electricity plants. The NCP, rising…

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Akwa Ibom adopts strategies to improve power supply

Mar 3, 2014

The Akwa Ibom Government says it has adopted strategies aimed at ensuring regular power supply in the State. Dr Victor Udoh, the Special Assistant to Gov. Godswill Akpabio on Power, stated this in Uyo on Sunday during interview with News Agency of Nigeria (NAN). According to Udoh, the strategies involved ensuring steady gas supply to…

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DISCOS eye independent power generators

Mar 3, 2014

As power generation level continues to decline as a result of gas pipeline vandalism, electricity distribution companies (DISCOs) are looking beyond the national grid and discussing with private power generating firms. Eko Electricity Distribution Company (EKEDC) is one of such DISCOs. Its Chief Executive Officer, Oladele Amoda, told The Nation that exploring such option had…

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Electricity consumers groan under estimated billing

Mar 3, 2014

With no end in sight for energy consumers, especially those in rural areas, to be properly metered, electricity companies are increasingly extorting their customers under the guise of inflated and estimated bills, THISDAY has learnt. This development is accentuated by the refusal of some marketing staff of the electricity distribution companies to take the readings…

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NCP shortlists 42 bidders for 10 NDPHC power projects

Mar 2, 2014

The National Council on Privatisation, NCP, said on Friday that  42 bidders were shortlisted to acquire 80 per cent shares of each of the 10 power plants of the  Niger Delta Power Holding Company, NDPHC. A board member of the NDPHC, Gov. Gabriel Suswam of Benue, said this, Friday, while briefing State House correspondents after…

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Eko DISCO to invest $42b in five years to stabilize power delivery

Feb 28, 2014

Eko Electricity Distribution Company of Nigeria Plc, Lagos, on Thursday, said it is determined to stabilise power supply in its area of operation, with plans to invest over $42 billion in infrastructure over the next five years as part of enhancing service delivery. The funding is to be sourced from a combination of international investors…

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