Power

US, GE to support off-grid rural electrification expansion with $2 million

Sep 19, 2013

The United States Africa Development Foundation (USADF) and General Electric have elected to provide grants up to the tune of $100,000 each in awards to 20 innovative energy solutions, in support of the expansion of off-grid rural electrification access in Nigeria and Kenya within three years. Tagged the ‘USADF/GE power Africa off-grid energy challenge,’ the…

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PHCN workers threaten to shut down power sector

Sep 19, 2013

Employees of Power Holding Company of Nigeria (PHCN)  Wednesday alerted the federal government of a looming industrial crisis in the power sector should it go ahead to secretly handover the assets of Power Holding Company of Nigeria (PHCN) to private investors without the conclusion of payment of workers entitlements. Speaking under the umbrella of the…

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NIPP power plants for handing over by June 2014 – NDPHC

Sep 19, 2013

Niger Delta Power Holding Company (NDPHC) has assured potential bidders that its 10 power generation plant built under the National Integrated Power Project will be fit for purpose before it is handed over. NDPHC managing director, Mr James Olotu, made this known while addressing newsmen yesterday in Abuja during the bidders’ conference even as he…

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Lagos targets N38b savings from energy conservation

Sep 19, 2013

The Lagos State Government has projected a savings of about N38 billion from effective energy conservation in the state. However, the nation’s commercial nerve centre would require about 10,000Mega Watts (MW) for it to enjoy regular electricity supply. The Commissioner for Energy and Mineral Resources, Taofeek Ajibade Tijani, who made these known during the flag-off…

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NCP forecloses deadline extension for NIPP bidders

Sep 19, 2013

The National Council on Privatisation has foreclosed any extension of time for prospective bidders for the power plants constructed under the National Integrated Power Projects. Although the deadline for the submission of bids for the power plant expired on July 20, the prospective bidders have been clamouring for fresh opportunities to enable them to participate…

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France, Nigeria sign MoU on SMEs development, promises to assist in power generation

Sep 18, 2013

Nigeria and France, yesterday in Abuja signed a Memorandum of Understanding on SMEs development in the country. This is just  as France  has promised  to assist the country  in  increasing  her  power generation capacity. Director-General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN),Alhaji Bature Masari,at the occasion,  signed on behalf of Nigeria  in the…

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Eastern Electric heads to court over Enugu Disco

Sep 18, 2013

The intrigues over the privatisation of Enugu Electricity Distribution Company yesterday assumed a new dimension as Eastern Electric Limited, the reserve bidder for the asset has approached a Federal High Court sitting in Abuja to restrain the National Council on Privatisation (NCP) and the Bureau of Public Enterprises (BPE) from handing over the asset to…

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Nigeria’s power reform in order – IFC

Sep 17, 2013

International Finance Corporation, a member of the World Bank, has said that the federal government has demonstrated substantial political will to put the Nigerian power sector on a sustainable path. Bernard Sheahan, Global Director and Natural Resources Department, IFC/World Bank Group, who disclosed this, said there would be a meteoric progress for power sector reforms…

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Reserve bidder petitions BPE over Enugu Disco

Sep 17, 2013

The reserve bidder for the Enugu Electricity Distribution Company, Eastern Electrics, has petitioned the Bureau of Public Enterprises over the failure of the privatisation agency to invite it for negotiations following the failure of the preferred bidder, Interstate, to meet the payment deadline. Similarly, the BPE will on Tuesday (today) meet with the core investors,…

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Interstate earmarks N41.66bn to upgrade Enugu Disco

Sep 17, 2013

Interstate Electrics, the core investor for the Enugu Electricity Distribution Plc has unveiled a N41.66 billion budget for the upgrade of the asset over the next five years. The company in its capital investment proposal to the Bureau of Public Enterprises (BPE), had stated that its investments would seek to reduce technical, commercial and collection…

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