Power

Discos consider embedded generation to improve supply

Feb 20, 2014

The Chairman, Nigerian Electricity Regularity Commission (NERC), Dr. Sam Amadi has said the new owners of electricity Distribution Companies (Discos) have considered applying embedded generation to cut dependency on the Bulk Trader to procure generated electricity. Amadi made the disclosure recently while receiving a delegation of energy experts from the United States Department of State…

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Ikeja Disco partners security agencies to curb vandalism

Feb 20, 2014

The Ikeja Electricity Distribution Company (IKEDC) has secured the support of security agencies in its quest to stem the rising tide of vandalism of its equipment and installations across the state. During a courtesy visits to the Director of Security Services and the Commissioner of Police, Lagos State Command by the top officials of IKEDC,…

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Power: Peak generation to hit 9000MW by Dec – FG

Feb 19, 2014

The Permanent Secretary in the Ministry of Power, Amb. Godknows Igali, has said power generation is expected to peak at 9000mw by December 2014 with more capacities from the 10 power stations under the National Integrated Power Projects (NIPPs). Igali made this disclosure yesterday, at the ministry’s headquarters during a presentation to the peer review…

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Domestic electricity generation still below 4000mw –Report

Feb 19, 2014

Following repairs of vandalised pipelines especially along the Escravos-Western axis and subsequent return of gas supply to electricity Generation companies (Gencos), total power generation available for domestic consumption is yet to hit 4,000 megawatts , reports disclosed. Statistics from the electricity National Control Centre (NCC), in Osogbo, Osun state made available at the weekend revealed…

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NERC conducts hearing on enforcement, content regulations

Feb 19, 2014

The Nigerian Electricity Regulatory Commission, NERC has concluded a public hearing on the draft regulations on Enforcement and National Content, in line with the Electricity Power Sector Reform Act (2005). The program, which was well attended, took place on Thursday, 13 February, 2014 at the Commission’s head office in Adamawa Plaza, Central Business District, Abuja.…

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TCN gets N102bn to boost power transmission infrastructure

Feb 19, 2014

The Transmission Company of Nigeria on Tuesday said it had so far received N102bn ($655m) from both the Federal Government and international donor agencies to boost power transmission infrastructure across the country. TCN also said it would need $1.5bn annually to efficiently evacuate the 20,000 megawatts of power being targeted by the Federal Government by…

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TCN requires $1.5b annually to meet 20,000 Mega Watts target

Feb 18, 2014

The Transmission Company of Nigeria (TCN) on Tuesday in Abuja said the company required 1.5 billion dollars annually to meet the 20, 000 mega watts transmission target by 2020. The Managing Director of TCN, Mr Mack Kast, disclosed this at press briefing on the activities of the company. Kast said the TCN was working hard…

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Power supply will soon be stable in Nigeria– NERC boss

Feb 18, 2014

Chairman of the  Nigeria Electricity Regulatory Commission (NERC) , Dr Sam Amadi, said yesterday  that  Nigeria would soon experience stable power supply. Amadi said this  in Abuja during the “Do The Right Thing: Fall in Love with Nigeria,” an annual event of the National Orientation Agency (NOA). “I can confidently tell you that power will…

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2020: FG targets 75% connection to national grid

Feb 18, 2014

The Federal Government on Monday in Abuja said that by 2020, more than 75 per cent of the population and households would be connected to the national grid for regular electricity supply. The Minister of Power, Prof. Chinedu Nebo, expressed the optimism at the opening ceremony of the 7th annual conference of the Nigerian Association…

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Bulk trader sanctions NSIA’s management of $350m Eurobond Fund

Feb 18, 2014

The Nigerian Bulk Electricity Trading Company (NBET) Plc has expressed confidence that the Nigerian Sovereign Investment Authority (NSIA) will efficiently manage its $350 million Eurobond fund, which is expected to be escrowed to the NSIA. The fund, which the federal government had raised through the Eurobond for the NBET and others to improve the funding…

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