Oyo State looks to adopt independent power project template

Jul 7, 2015

Oyo State Government may soon adopt the Independent Power Project (IPP) initiative to raise power generation and supply profile in the state. As part of the plans to kick-start the project, the state government has begun feasibility study on the scheme project to identify the challenges and viability of the initiative, The Guardian reports. This…

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NERC policy on estimated billing may cut Discos annual income by N12bn

Jul 7, 2015

A model framework developed by the Nigerian Electricity Regulatory Commission (NERC) to cap revenues accruable to electricity distribution companies in Nigeria’s electricity industry from estimated billing methods has revealed that the sector could lose as much as N12.532 billion from the proposed measure in one year, ThisDay reports. The framework was contained in a concept…

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FG to privatize transmission company soon – NERC

Jul 6, 2015

The Nigerian Electricity Regulatory Commission (NERC) has said the Federal Government is considering privatizing the Transmission Company of Nigeria (TCN) in continuous reforms of the power sector, Daily Trust reports. NERC Chairman, Dr. Sam Amadi, who addressed representatives of the Development Finance International Inc, USA on a courtesy call to the commission, said the power…

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Nigeria’s power generation hits 3,801.19mw

Jul 2, 2015

Nigeria has increased its power generation from the 3,657.02MW it recorded two weeks ago to 3,801.19MW, while energy sent out has reached 3,708MW from the 3,584MW, The Guardian reports. Nigeria has continued to enjoy significant increase in power generation and supply in the last few weeks achieved, during the review period. For instance, the country’s…

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Elumelu pledges support for African Energy Leaders Group

Jul 2, 2015

Mr. Tony Elumelu, stated recently that providing access to electricity for schools, hospitals, businesses and industries is the single most impactful intervention that can be made to transform the African continent and improve its overall economic development, ThisDay reports. Elumelu, who is also the Chairman of Heirs Holdings and the Founder of the Tony Elumelu Foundation,…

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Egbin power plant is currently generating 1,000MW – Egbin Power Plc

Jul 2, 2015

Egbin Power Plc, is for the first time in eight years generating above 1,000 megawatts of electricity, The Punch reports. This follows the continuous investment and upgrade activities on the plant by the Sahara Power Group and Korea Electric Power Corporation, Egbin Power said in a statement. Prior to the privatisation of the plant in…

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Ughelli power plant to increase generating capacity to 2,200Mw by 2018 – Transcorp

Jul 2, 2015

Transcorp Ughelli Power Limited, the core investor in Ughelli Power, has said it has plans to increase the generating capacity of the plant from 972 Mw to 2,200Mw in the next three years, The Nation reports. Speaking during the visit of the post-privatisation monitoring team of the Bureau of Public Enterprises (BPE)  to the plant,…

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NERC issues consultation guidelines for DISCOs

Jul 2, 2015

The Nigerian Electricity Regulatory Commission (NERC) has issued guidelines for consultation by operators that want to review the cost of generation, transmission and supply of electricity, the prices of electricity services and classification of customers, National Mirror reports. The guidelines are designed to ensure that such consultations are comprehensive, rigorous open to all relevant stakeholders,…

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NERC chides Discos over CAPMI, to exempt unmetered customers from paying bills

Jun 30, 2015

The Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr. Sam Amadi on Tuesday in Abuja, chided some Distribution Companies (DISCOs) over the poor implementation of the Credited Advance Payment for Metering Implementation (CAPMI) scheme, Leadership reports. He said; “The CAPMI scheme has suffered poor implementation in spite of customers’ willingness to make advance payment…

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Forte Oil, Siemens sign agreement for upgrade of power plant

Jun 29, 2015

Nigerian integrated energy firm, Forte Oil said on Monday it had signed an $83 million contract with Siemens to upgrade its 414 megawatt Geregu gas-fired power plant located in Kogi State and that the work would be completed in 2016. Forte Oil, which also has interests in fuel retailing, was one of several firms to…

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