Power

Kaduna Disco not handed over to new investors –Mgt

Nov 14, 2013

Contrary to reports that the Kaduna Electricity Distribution Company (KEDC) has been handed over to new investors, the management of the company has said that the company is yet to be handed over in line with the ongoing privatisation programme in the power sector. The management also appealed to its customers to desist from obstructing…

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CitiServe set to ease electricity bills payment

Nov 14, 2013

A member of the Vigeo Group and licensed Payment Terminal Service Provider (PTSP), CitiServe Limited, says it is poised to take advantage of ongoing reforms in the power sector to provide innovative and convenient payment services. The technology firm at the weekend said it has empowered its network partners to provide essential payment services for…

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Ikeja Disco threatens to disconnect institutional debtors

Nov 14, 2013

The Chairman, New Electric Distribution Company /Kepco Consortium, the new owners of Ikeja Disco, Mr. Kola Adesina, has warned institutional debtors, especially government parastatals, to pay up their debts or face disconnection. A statement on Wednesday quoted him as saying this after receiving the certificate of handover of the company from the Federal Government recently…

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Pay attention to data, validation, power investors urged

Nov 14, 2013

Power investors who took over assets of the Power Holding Company of Nigeria Plc on November 1, 2013, have been told to ensure a proper collection of data for effective power supply. The advice came from two firms, Accenture Capital Project Services and Intergraph, during their presentations at a seminar organised for stakeholders in the…

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Kafin Zaki dam to generate 15MW of hydroelectric power

Nov 14, 2013

Vice President, Mohammed Namadi Sambo has assured stakeholders on the construction of the proposed Kafin Zaki dam by the federal government. Speaking at the project site in Bauchi state, Sambo said the move would break the jinx of over three decades which successive administrations in the state had tried to surmount. “In line with Mr.…

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PHCN privatisation: NERC assures on consumer protection

Nov 13, 2013

The Nigerian Electricity Regulatory Commission (NERC) has assured electricity consumers of prioritised protection for service delivery in the post privatisation era. NERC’s Commissioner of Government and Consumer Affairs, Dr Abba Ibrahim who represented the commission’s Chairman, Dr Sam Amadi, gave the assurance at a three- day enlightenment exercise in Niger State where they met with…

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Stakeholders place new power owners on accountability scale

Nov 13, 2013

Stakeholders in the nation’s electricity sector have tasked new owners of the successor companies of the defunct Power Holding Company of Nigeria (PHCN) to demonstrate requisite accountability and efficiency in the management of the assets. They said management of the assets would go a long way in ensuring stability in the nation’s Nigeria Electricity Supply…

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Confusion trails sack of PHCN staff, payment of benefits

Nov 13, 2013

The confusion trailing the November 1 hand-over of Power Holding Company of Nigeria, PHCN, facilities to new owners deepened yesterday, as reports indicated that thousands of workers of the defunct PHCN have been sacked with many of them yet to get their severance benefits. The confusion that has led to erratic power supply across the…

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SSS, EFCC, others beam searchlight on bidders for Alaoji, 9 other NIPPs

Nov 12, 2013

Following last Friday’s closure of the bid for the Alaoji Generation Company Nigeria Limited and nine others National Integrated Power Plants (NIPPs) by the Niger Delta Power Holding Company, there were indications at the weekend that officials of the State Security Service (SSS) and the Economic and Financial Crime Commission (EFCC) are beaming their searchlight…

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Investors in PHCN firms to face $100m hurdle for NIPP plants

Nov 12, 2013

Investors in any of the successor companies of now privatised Power Holding Companies of Nigeria (PHCN) are to face extra financial hurdles of $100 million to emerge preferred bidders for any of the 10 National Integrated Power Projects (NIPP) whose bids closed last Friday. The fresh huddles were revealed on Monday at the opening of…

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