Power

N10bn debt: Many power firms still owe govt

Dec 19, 2013

About 60 per cent of the power investors that recently bought over the electricity distribution companies have yet to make the required remittances for the month of November to the Federal Government. Of the N12bn meant to be remitted to the Operator of the Nigerian Electricity Market for the month, only N2bn had been paid…

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Power: Market operator decries participants’ apathy to registration

Dec 19, 2013

The Operator of Nigeria’s Electricity Market (ONEM), which is otherwise known as the Market Operator has disclosed that the reluctance of licensed participants in Nigeria’s Electricity Supply Industry (NESI) to conclude their statutory registration with it was disrupting the seamless operation of the country’s emerging electricity market. ONEM explained that as part of the nation’s…

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Unresolved staffing issues cripple GENCOs, DISCOs’ operations

Dec 18, 2013

Nigerian Electricity Regulatory Commission (NERC) has said that unresolved staffing issues remain a major issue impeding the operations of recently privatized electricity generation (GENCOs) and distribution companies (DISCOs). NERC’s Head Media Relations Maryam Yaya Abubakar, who disclosed this in a statement, said it was brought to light during the second general meeting of industry operators…

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Power minister tasks EMS team on service delivery

Dec 18, 2013

The minister of power Professor, Chinedu Nebo has charged the management team of the newly inaugurated electricity Services Limited, EMSL, to strive to deliver on their mandate and lead the way in service delivery. EMSL is one of the Successor Companies established in accordance with the provisions of the Electric Power Sector Reform, EPSR, Act…

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NERC plans Uniform System of Accounts for electricity sector

Dec 18, 2013

The Federal Government has concluded plans to implement a uniform system of accounts in the power sector of the nation’s economy. The system is to be implemented by the Nigerian Electricity Regulatory Commission, NERC that has the mandate of the government to regulate activities in the sector. The Commission stated, “Pursuant to the above, the…

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Mixed reactions trail Abuja electricity supply weeks after takeover

Dec 18, 2013

Electricity consumers in Abuja have continued to react to the electric power situation seven weeks after the federal government handed over power firms to private investors. Consumers across several residential areas in the capital city bared their minds on recent power supply situation in their localities. Ayo Ojo, a welder in Jimmy Phase One, observed…

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NASENI, Chinese govt step up local production of transformers

Dec 18, 2013

Nigeria and China are stepping up work to commence the production of electricity transformers in Nigeria. This followed a $170 Million capacity building agreement between China and Nigeria sealed recently for implementation by the National Agency for Science and Engineering Infrastructure (NASENI). Executive Vice Chairman of the National Agency for Science and Engineering Infrastructure (NASENI),…

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Vandalism and a nation’s quest for improved power supply

Dec 18, 2013

Before the November 2013 handover of the defunct Power Holding Company of Nigeria, PHCN to 10 successor companies, who emerged after a bidding process, the issue of vandals had been a threat to the quest for steady power supply. But the situation seems to have assumed an alarming dimension resulting in the current drop in…

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NERC directs Discos to implement metering scheme

Dec 17, 2013

Distribution companies have been directed to resume the implementation of the Credited Advance Payment for Metering Implementation ( CAPMI), an Order of the Nigerian Electricity Regulatory Commission (NERC) aimed at closing the metering gap in the industry. Since the take over of the distribution companies by private concerns, complaints about very high estimated billings and…

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FG suspends planned review of Electric Sector Reform Act

Dec 17, 2013

There is an indication that the federal government has put on hold the planned review of some of the provisions in Nigeria’s eight-year-old Electric Power Sector Reform Acts (EPSR) 2005, which was championed by former Minister of State for Power, Hajia Zainab Kuchi. THISDAY gathered weekend in Abuja that the planned review, which was not…

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