Power

2,500MW is generated from diesel, petrol, kerosene – NNPC

Mar 24, 2015

According to an analysis by the Nigerian National Petroleum Corporation (NNPC), Nigerian households and businesses generate 2,500 megawatts of electricity from petrol, kerosene and Automotive Gas Oil (AGO, popularly known as diesel), This Day reports. Speaking at a special session in the recently concluded 2015 Nigeria Oil and Gas (NOG) Conference in Abuja, NNPC’s Group…

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Julius Berger considers technical partnerships with investors in power sector

Mar 23, 2015

Engr. Detler Lubasch, Managing Director of Julius Berger Nigeria has said that the Construction giant is considering potential partnerships with credible investors willing to invest in the upgrade of Nigeria’s electricity supply systems, This Day reports. Lubasch stated this at the just concluded 2015 edition of the Nigerian Oil and Gas (NOG) conference and exhibition…

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8 Discos give bulk trader letters of credit

Mar 22, 2015

Eight electricity distribution companies out of the 11 in the country have successfully posted letters of credit to the Nigerian Bulk Electricity Trading Company Plc (NBET) for the purchase of power, The Punch reports. The Managing Director/Chief Executive Officer, NBET, Mr. Rumundaka Wonodi, told journalists recently that the bank guarantees from the eight Discos was…

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Discos speak up against tariff reduction

Mar 21, 2015

The announcement of the reduction of electricity tariff by about 50 per cent by the Nigerian Electricity Regulatory Commission is causing tension among power distribution companies, who have kicked against the move, The Punch reports. The Discos had anticipated recouping their Aggregate Technical, Commercial and Collection losses from consumers based on the provisions of the…

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Abuja power station, modular refinery delayed

Mar 18, 2015

The Managing Director, Jehata Nigeria Limited (owners of Abuja Power Station in Abaji), Jameel Jammal, has said the lack of support from banks, bureaucratic bottlenecks, infrastructural deficit in the host communities, among others, are responsible for the slow pace of work at the proposed power station and modular refineries in Abaji, the Federal Capital Territory,…

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Ajaokuta Steel 110 MW thermal power plant commences operations

Mar 18, 2015

The 110MW Thermal Power Plant of the Ajaokuta Steel Plant has finally commenced operations after months of rehabilitation by the company’s engineers, Leadership reports. The power plant commenced rehabilitation in July 2014 through a Memorandum of Understanding (MoU) with Messrs 3D Hitech Systems Ltd and has now been hooked to the National Power Grid System.…

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563mw Calabar, 960mw Alaoji NIPPs completed – Nebo

Mar 17, 2015

The Minister of Power Prof. Chinedu Nebo yesterday said the 563megawatts (mw) Calabar and 960mw Alaoji power plants have been completed under the National Integrated Power Projects (NIPP). Prof. Nebo disclosed this in his address at the Nigeria Power Forum, an offshoot of the annual Nigerian Oil and Gas Conference in Abuja. The minister said…

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NERC reduces electricity tariff by 50%

Mar 17, 2015

Following complaints lodged by all classes of consumers in Nigeria’s electricity market: residential and industrial consumers, the Nigerian Electricity Regulatory Commission (NERC) on Tuesday reviewed the rates to be paid for electricity consumption in the country, This Day reports. NERC from its consultation with various electricity consumer groups across the country, established that the skyrocketing…

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NERC may sanction Discos over meter price hike

Mar 17, 2015

The Nigerian Electricity Regulatory Commission (NERC) may sanction the electricity distribution companies for increasing the cost of electricity meters without the regulatory agency’s approval, This Day reports. The distribution companies had increased the cost of acquiring prepaid meters by customers, citing the recent devaluation of the naira by the Central Bank of Nigeria (CBN). Most…

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FG shifts payment deadline for 10 NIPPs to 2016

Mar 16, 2015

The National Council on Privatisation (NCP), through the Niger Delta Power Holding Company (NDPHC), has for the second time extended the deadline for the completion of the privatization of the 10 power stations built under the National Integrated Power Plants (NIPPs) to January 2016, This Day reports. The extension was granted in line with the decisions…

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